They quit their day jobs to bet on current events. A look inside the prediction market mania
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the evolution of stock trading apps to sports betting apps and now to market betting apps seems only natural in hindsight.
i think it's easy to say these apps should be illegal and much harder to say who should hold what responsibility when it comes to protecting individuals. the same goes for social media apps and their negative impacts on the vulnerable.
it might be worth digging in and answering the hard questions. culpability of entities making outsized profits could take on more than just a fine and a wrist slap. these apps are also data brokers and sit on a lot of information that could be made transparent and allow for community moderation.
surely not perfect, but perhaps better than government flip flopping between over-parenting and laissez faire. rule making is difficult and societies need the time, space and data to explore and evolve.
unfortunately, no matter the approach, there will always be individuals who will get hurt in the process.
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