You don't like this? What are you, some sort of communist?
The US Government has already sold the livelihood of most of its people (ie. industry) under the guise of the free market. Talk to someone who grew up in Buffalo, Cleveland or any number of places in Michigan and they'll tell you all about it.
Letting people make money off of betting on you getting blown up is just a more offensive way of getting rich on the backs of others.
I can’t tell who this comment is directed to, but I assume it’s me (the submitter). I am a big fan of prediction markets, and have no scruples as to their subject. I don’t see it as being ‘offensive’ in any way.
The suggestion that I am ‘some sort of communist’ does make me chuckle though :)
The Policy Analysis Market was designed to allow registered traders (it was going to start as a market open only to select analysts, experts) to make money-backed predictions. That is, putting your money where you mouth is. It's a tool to filter noise and focus analysis, not fuel hedge funds.
The US Government has already sold the livelihood of most of its people (ie. industry) under the guise of the free market. Talk to someone who grew up in Buffalo, Cleveland or any number of places in Michigan and they'll tell you all about it.
Letting people make money off of betting on you getting blown up is just a more offensive way of getting rich on the backs of others.