Why do you believe prediction markets are currently an ethical and legal quagmire?
Replied byBill Barhydt
Founder & CEO at Abra
Niche: Cryptocurrency
Revenue: Approx. 3 Million USD/month
Location: Mountain View, California, United States
Started: 2014
The main issue is conflict of interest and insider trading. If an outcome can be influenced by someone with access to the prediction market, it becomes unethical. However, we should rely on buyer beware and common sense rather than expecting the government to regulate every stupid decision.
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