Cool idea. I think in most cases on the list, you’ll have some combination of information asymmetry and an illiquid market that make this not that useful.
Take used car sales. I put my car up for sale and three prospective buyers come to check it out. We are now basically the only four people in the world with inside knowledge about the car. If the car is an especially good deal, each buyer wants to get that information for themselves but not broadcast it either to me or to the other buyers. I dunno man, it all seems like a stretch to say that the four of us are going to find a prediction market worth it,.
Cool idea. I think in most cases on the list, you’ll have some combination of information asymmetry and an illiquid market that make this not that useful.
Take used car sales. I put my car up for sale and three prospective buyers come to check it out. We are now basically the only four people in the world with inside knowledge about the car. If the car is an especially good deal, each buyer wants to get that information for themselves but not broadcast it either to me or to the other buyers. I dunno man, it all seems like a stretch to say that the four of us are going to find a prediction market worth it,.