points by avaer 1 day ago | 0 comments
Probably combination of "information laundering" and "betting market".
If you are making money (i.e. beating the "house") you are by definition laundering information, and profiting off of deniability. Everyone who isn't doing this is the sucker losing money on a betting market.
The funny thing is these companies want to be considered information laundries, because that's what serves the real customer (politicians, celebrities, etc). The people "betting" (i.e. losing) are the product.
[–] gruez 1 day ago
[–] conorcleary 23 hours ago
Even Burry wants more than a one year time horizon.
???
There's no allowance for skill? Even in financial markets, there's no reason to believe why people who continually beat the market must be insider trading. That's not the same as saying that people should be day trading, but that doesn't mean the reverse is true.