• UnderpantsWeevil
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    23 hours ago

    One of the original promises of “Online Betting Markets” was that they were more efficient aggregators of information than traditional journalism.

    The two driving forces that have born this out appear to be

    1. Insiders betting on information before it becomes public

    2. People in a position to manipulate the release of information shaping publicly available information to profit off their prediction market bets