After reading Zvi's post, I was really disappointed to hear the Economist's podcast on the topic this week. Freedom, yes, but so little discussion of their selection/exclusion efforts. There was mention of a Betfair peer market which is a better design at least. The futures style being promoted by Kalshi is much better.
Peer design is best we can do. You can't solve addiction but I'd like to think we can stigmatize preying on it instead of...looks at economist... glorifying it by being naive
I particularly enjoyed the market making stories, but the gambling thing is serious. I was shocked to see how endemic it was amongst young males. In my youth, I spent my time, brain cells and money mostly on stupid things but at least they gave me a remote chance to get *lucky* (i don't see that happening with betting)
After reading Zvi's post, I was really disappointed to hear the Economist's podcast on the topic this week. Freedom, yes, but so little discussion of their selection/exclusion efforts. There was mention of a Betfair peer market which is a better design at least. The futures style being promoted by Kalshi is much better.
Peer design is best we can do. You can't solve addiction but I'd like to think we can stigmatize preying on it instead of...looks at economist... glorifying it by being naive
This newsletter was 🔥
I particularly enjoyed the market making stories, but the gambling thing is serious. I was shocked to see how endemic it was amongst young males. In my youth, I spent my time, brain cells and money mostly on stupid things but at least they gave me a remote chance to get *lucky* (i don't see that happening with betting)