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JCW's avatar
5hEdited

Great essay. One addition I would offer is that this phenomenon also ties into the US becoming an equilibrium lower trust society more generally. It sucks.

CarbonWaster's avatar

'Polymarket is sponsoring this post'

Why? In particular, is that not rather in conflict with this site's long-standing concern about the harmful effects of sports betting, given that, per Gambling Insider, a plurality (39%) of Polymarket's revenue comes from gambling - sorry, 'predicting' - on sports. (This is even more obvious at other prediction markets, where 85% of Kalshi's revenue comes from sports).

I'd add that it is epistemically bad to use prediction market odds as an indicator of the likelihood of a particular thing happening, and is in particular obviously inferior to the disciplined approach to making predictions that this site has previously advocated.

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