BitcoinAlchemist on Nostr: Prediction markets are thinly disguised opinion markets. The bets people place are ...

Prediction markets are thinly disguised opinion markets.

The bets people place are akin to speech, reflecting the formatting of their consciousness.

Their predictions of the future are really projections of their individual reality.

Currently the most popular prediction markets (politics and sports) are the ones where people have the most strongly-held opinions.

It’s about feelings not about facts.