protist

Yeah but much of the stuff that’s being traded on today lacks a body of evidence with which to make an informed prediction and is essentially random unless someone has insider knowledge

Just a heads up that there’s no such thing as “insider trading” on these betting markets. All of this is perfectly legal, and the platforms actually depend on insiders to improve their “predictive” accuracy. It’s also legitimately impossible to fully regulate this (besides shutting them down altogether, for which I’m totally on board) due to the sheer volume of people who have access to a bit of insider info