Just because gambling in general is legal doesn't mean every possible gambling event is legal. If someone got caught hosting a dog fight, they don't get off the hook because gambling is legal. I can't think of a single reason why such laws against unethical or violent gambling shouldn't extend to human suffering as well.
How are we supposed to come to a prediction, if wagers are disallowed?
The primary function of prediction markets is to reflect real world probabilities in terms of price in order to make better decisions. Without this function, we're acting in the dark.
4 comments
[ 3.8 ms ] story [ 67.4 ms ] threadThe primary function of prediction markets is to reflect real world probabilities in terms of price in order to make better decisions. Without this function, we're acting in the dark.