Prediction Markets Turned Life Into a Dystopian Experiment

Want to learn about the hottest thing in gambling? Do you enjoy obsessing over regulatory frameworks, contemplating the finer points of derivatives markets, and keeping track of the precise differences between the Securities and Exchange Commission and the Commodity Futures Trading Commission? Would it thrill you to hear a CEO say his long-term vision is “to financialize everything”? Generally speaking, do you like feeling your brain spin around in your head like Skittles in a high-torque blender? Perfect. Let me tell you about prediction markets, the bold new frontier in online betting—though the people who are getting rich off them insist they aren’t actually about betting at all.