I’m not sure “conspiracy” is appropriate here. The existing Powers That Be (both political and corporate) have individual and collective interests in maintaining their current conditions. That they might each and all act to preserve the status quo (where they are powerful) probably does not actually require coordination of any kind, nor the secrecy that usually accompanies the term “conspiracy”. I expect that no matter how effective prediction markets are, they will generally lack the necessary slack to dominate the existing systems.
I’m not sure “conspiracy” is appropriate here. The existing Powers That Be (both political and corporate) have individual and collective interests in maintaining their current conditions. That they might each and all act to preserve the status quo (where they are powerful) probably does not actually require coordination of any kind, nor the secrecy that usually accompanies the term “conspiracy”. I expect that no matter how effective prediction markets are, they will generally lack the necessary slack to dominate the existing systems.