So, fist of all, SBF probably also had “regardless of the feelings of the regulators” attitude. Financial regulation around bonified gambling sites (i am prediction market fan, but that it what they ultimately are) are there for reasons. Chesterton’s fence and all that. Not saying that regulations couldn’t be improved, i just really dislike sentiment in that sentence, especially in current situation.
Also, you can create prediction markets with real money without crypto. And there is/was many of them.
If there is some impressive diamond in crypto ecosystem, prediction markets arent it, and i am not aware of any.
Thank you for your perspective. I see where you’re coming from, but I disagree. I think that crypto-based prediction markets have the potential to revolutionize information gathering and processing, and that this could have a hugely positive impact on the world. I agree that some regulation is necessary, but I believe that crypto can provide a way to bypass unnecessary restrictions and allow us to tap into this powerful tool. I don’t consider most prediction market regulations to be morally justified. Of course, when I’m referring to circumventing regulations, I don’t mean by breaking the law, I’m thinking more along the lines of setting up a market in a friendly jurisdiction.
So, fist of all, SBF probably also had “regardless of the feelings of the regulators” attitude. Financial regulation around bonified gambling sites (i am prediction market fan, but that it what they ultimately are) are there for reasons. Chesterton’s fence and all that. Not saying that regulations couldn’t be improved, i just really dislike sentiment in that sentence, especially in current situation.
Also, you can create prediction markets with real money without crypto. And there is/was many of them.
If there is some impressive diamond in crypto ecosystem, prediction markets arent it, and i am not aware of any.
Maybe Gitcoin or DeSci?
Thank you for your perspective. I see where you’re coming from, but I disagree. I think that crypto-based prediction markets have the potential to revolutionize information gathering and processing, and that this could have a hugely positive impact on the world. I agree that some regulation is necessary, but I believe that crypto can provide a way to bypass unnecessary restrictions and allow us to tap into this powerful tool. I don’t consider most prediction market regulations to be morally justified. Of course, when I’m referring to circumventing regulations, I don’t mean by breaking the law, I’m thinking more along the lines of setting up a market in a friendly jurisdiction.