Not exactly. You do want people who have insider knowledge to contribute (say, Lsusr friend, who knows him well and has a better guess if he would post). But you don’t want people abusing their influence (rather than knowledge) to buy and then tip things away from what the rest of the market thinks will happen, or trying to make sure something does happen just because they bet on it already.
So… what I’m getting is that prediction markets will be just as annoying but necessary to police for insider trading as the stock market? Alas.
Not exactly. You do want people who have insider knowledge to contribute (say, Lsusr friend, who knows him well and has a better guess if he would post). But you don’t want people abusing their influence (rather than knowledge) to buy and then tip things away from what the rest of the market thinks will happen, or trying to make sure something does happen just because they bet on it already.
Yep.