Prediction markets are a zero-sum game.

Did you lose money betting on InTrade, lately? Well, your money ended up in the pocket of that guy:

check

UPDATE: There was nothing about “hating the game” in my post. It was just a reference to the “sheep and wolves” concept floated by Robin Hanson. (See also the Iowa Electronic Markets research on their traders.)

About Chris F. Masse

Founder and President of Midas Oracle
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