long term market issues [...] conditional markets
Conditional markets compound long term issues (assuming they’re collateralized): instead of locking capital into a market, that’s locking capital into hoping there’s a marketPrediction markets can increase capital efficiency by:* pegging interest rates (like adjustable-rate mortgages)* recognizing hedged positions[1][2]* lowering fees
Conditional markets compound long term issues (assuming they’re collateralized): instead of locking capital into a market, that’s locking capital into hoping there’s a market
Prediction markets can increase capital efficiency by:
* pegging interest rates (like adjustable-rate mortgages)
* recognizing hedged positions[1][2]
* lowering fees