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lkey an hour ago

Christ, just say you are conservative and don't like unions and their political stances. 'Accuracy' doesn't matter at all when it comes to assessing harm, but the existence of a market signal itself can change outcomes, and then much vaunted 'accuracy' becomes a mechanism for fraud in a new and different way.

Even taking your nitpick a little bit seriously, behold:

> Retail prediction market traders pick winners 51.3% of the time yet lose money; automated traders achieve coin-flip accuracy yet earn $133 million.

The entire enterprise exists to move money from gamblers to companies. The externalities (suicide, social degradation) of this transaction is bourne by society.