TechTakes

The Rationalist web magazine Asterisk published a long article on prediction markets and invested 80 karma to boosting it on Hacker News. It drops the usual names (author has worked for Google and Metaculous, cites Friedrich Hayek, Phil Tetlock, Vitalik Buterin, Scott Alexander, Elon Musk, mentions the tiny prediction market Manifold because its a Rationalist shop). What is notable is that it pivots: so actually existing prediction markets are mostly gambling (he does not say "fraud and insider trading" or "just like cryptocurrency"), but some day soon LLMs will be our superforcasters!

It looks to me like even insiders doubt that prediction markets will be allowed to enable so much corruption for long.

Especially sneerable is the idea that you should ask Grok (the bot trained to praise Melon Husk) whether Melon Husk's latest promise will come to reality.