prediction markets

“I think we've already seen some of the dangers of sports gambling and how it's really destroying people's lives. And I think that you're going to see that again here.”

“The principles can drive the outcomes. And if you're doing, and as these prediction markets rise, you're going to see that happen.”

“There's no way you can have a prediction market without insider information. It's even harder to keep that free of insider trading than it is the stock market. And there are, Fewer regulations.”

“One of the reasons why people are moving to prediction markets and moving to what I would describe as the sort of a lottery ticket approach to life. It's a little bit YOLO. Is a function of the inequality that we have in this country.”

“If you want to influence public perception and you have enough money, you can bet heavily on something or someone to make it look more popular, and we already have examples of politicians betting on themselves.”

“Six anonymous accounts earned 1.2 million dollars on a prediction market betting for the attack on Iran, and some of those wallets were funded hours before, which suggests that they might have had insider information, and if they had insider information, did t…”

“The stock market, when you invest in a company, you're actually contributing capital to that company in a way that is an important contribution to society. Whereas the prediction market is just a bet.”

“The U.S. Senate unanimously. How rarely do we see something along bipartisan lines barring senators from trading on prediction markets?”

“There was this crazy story where a U.S. Army Special Forces Master Sergeant actually was charged with using classified information around the Maduro capture that he was part of that mission to bet on”