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Prediction Markets- New Job? Or predict while driving!
He has a point. Prediction markets allow anyone with information edges or unique insights into niche topics to profit. Why drive an Uber if you are really good at predicting the next top music artist on $SPOT ( ▼ 0.16% ). Or if you know how the next hand bag from $LVMH ( 0.0% ) will perform. Or you have inside information into when the US will take over Greenland.
The Linkedin post is below. I think he is right in some sense that we will see more prediction market traders. The hedge funds are already hiring for these roles. My thought is, why not drive Uber and trade prediction markets at the same time. The cars will be autonomous and self drive soon, sit in the front seat, baby sit the car, while predicting the next time Trump will say the word Greenland. The ultimate Degenerate Economy move.
“Making a living betting on prediction markets just might be one of those era-defining occupations — like being a Wall Street trader in the 1980s, a dot-com founder in the 1990s or an influencer in… | Tarek Mansour | 12 comments
“Making a living betting on prediction markets just might be one of those era-defining occupations — like being a Wall Street trader in the 1980s, a dot-com founder in the 1990s or an influencer in the 2010s.”
Category creating companies often create an entirely new class of people.
Instagram: content creators.
Airbnb: hosts.
Uber: drivers.
Kalshi: prediction market traders.
Each of these companies succeeded by taking an underutilized asset" and providing the infrastructure to benefit from it.
Each of these companies succeeded by unlocking an underutilized asset and building the rails to make it productive.
Airbnb activated Space. Before 2008, a spare bedroom was a liability (rent/mortgage). Airbnb turned it into a yield-generating asset.
Uber activated Time. Before 2009, a commute or a parked car was "dead time." Uber turned it into a flexible income stream.
Prediction Markets activate Information. Today, having a "good hunch" or a deep understanding of a niche topic (like FDA approval timelines, political shifts, or Baseball statistics) is socially inert: the most you can do is win a debate with your uncle on Thanksgiving. With prediction markets markets, you can now turn knowledge, personal conviction, and love for statistics into a useful signal.
Millions of people now actively rely on prediction markets, whether they are arbitraging price inefficiencies to make the market more accurate, or utilizing the forecasts as a complement to their news feed.
Thank you The New York Times for highlighting these users. They are the real force who made prediction markets what they are today. | 12 comments on LinkedIn
www.linkedin.com/posts/mansourtarek_making-a-living-betting-on-prediction-markets-activity-7421305358599495680-XHun?utm_source=share&utm_medium=member_desktop&rcm=ACoAAALytMwBlLfZiRHTDx8rDrZPBlxRHQ7OlrM
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