@nelsonrodmar
« The promise of prediction markets is that organically, markets of sufficient liquidity and breadth might develop naturally such that corporates could come to rely on them for otherwise bespoke hedges. But this seems unrealistic. The markets that seem to appeal to speculators have virtually nothing to do with the markets that hedgers want to buy. And these problems seem structural, not contingent. »
https://x.com/nic_carter/status/2025208012516757548
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