Sports blew up prediction markets. Now it could destroy them

Sports blew up prediction markets. Now it could destroy them – #CryptoUpdatesGNIT

Prediction markets spent years trying to present themselves as smarter, better, and more useful than straight-out gambling. Then sports arrived and did what elections, inflation contracts, and policy wagers never quite managed: it brought scale. They turned what was essentially a niche event trading activity into a mass product, and pushed the industry into a dangerous identity crisis. Sports made prediction markets popular, but they also made t…

Sports blew up prediction markets. Now it could destroy them

The post Sports blew up prediction markets. Now it could destroy them appeared on BitcoinEthereumNews.com. Prediction markets spent years trying to present themselves as smarter, better, and more useful than straight-out gambling. Then sports arrived and did what elections, inflation contracts, and policy wagers never quite managed: it brought scale. They turned what was essentially a niche event trading activity into a mass product, and pushed …