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Denise_Melchin comments on Against prediction markets - Effective Altruism Forum

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Comment author: Denise_Melchin 13 May 2018 08:41:39AM 2 points [-]

I'm arguing that the limit is hard to reach and when it isn't being reached, prediction markets are usually worse than alternatives. I'd be excited about a prediction market like Scott is describing in his post, but we are quite far away from implementing anything like that.

I also find it ironic that Scott's example discusses how hard election prediction markets are to corrupt, which is precisely what happened in the Intrade example above.