8 ms·
Yes, but the examples where it's good has a name "insurance". It exists, it's generally well regulated, and is not easily exploited. The reason it works better
by MadnessASAP 5mo ago
Yes, but the examples where it's good has a name "insurance". It exists, it's generally well regulated, and is not easily exploited.
The reason it works better is because in a prediction market, the person betting against you has no resources or ability to go after you for fraudulent behavior. Whereas an insurance company has both.
- wallst07 5mo agoNobody would insure this, and if they did, that policy would take months to be written, wouldn't cover the single probability of 1 event, etc... So you are renaming something that doesn't and won't ever exist.
- MadnessASAP 5mo agoAnd you're trying to rename unregulated gambling as something that is good for society. Exploiting people with gambling addiction is not a reasonable replacement for insurance.