I think prediction markets / sports betting will face a downturn post AGI
Young people do less “traditional” gambling because everyone knows the odds are against you, while with sports betting / prediction markets there is the feeling of skill (I say feeling because the vast majority lose money from crossing the bid-ask spread, fees, etc.). However if you go on your phone in 20XX and see DeepMind go “we are proud to announce we have recently solved Navier Stokes” I think it would be much more “in your face” the odds are perfectly calibrated and you are literally just playing roulette at that point.
I think prediction markets / sports betting will face a downturn post AGI
Young people do less “traditional” gambling because everyone knows the odds are against you, while with sports betting / prediction markets there is the feeling of skill (I say feeling because the vast majority lose money from crossing the bid-ask spread, fees, etc.). However if you go on your phone in 20XX and see DeepMind go “we are proud to announce we have recently solved Navier Stokes” I think it would be much more “in your face” the odds are perfectly calibrated and you are literally just playing roulette at that point.
Are you sure that young people even do less traditional gambling?