financial incentives for speculators to cause those unwanted events.
I’ve never understood this argument. There has always been a latent incentive to off CEOs or destroy infrastructure and trade on the resulting stock price swings. In practice this is very difficult to pull off. Prediction markets would be under more scrutiny and thus harder to game in this manner.
To take a step back, this objection is yet another example of one that gets trotted out against prediction markets all the time but which has been addressed in the white papers on the topic.
I’ve never understood this argument. There has always been a latent incentive to off CEOs or destroy infrastructure and trade on the resulting stock price swings. In practice this is very difficult to pull off. Prediction markets would be under more scrutiny and thus harder to game in this manner.
To take a step back, this objection is yet another example of one that gets trotted out against prediction markets all the time but which has been addressed in the white papers on the topic.