In this episode of the Odd Lots podcast, the hosts discuss prediction markets, describing them as largely speculative and risky for newcomers. They note that while most traders may lose money, some dedicated traders focus on politics and economics and do profit. The episode features Brian Golden and Daniel Reichman, members of the private Discord group MAGA Kiwi Club, who share their experiences.
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Prediction markets are described as 'pure gambling and speculation' with little economic relevance.
Brian Golden and Daniel Reichman are part of a private Discord group called MAGA Kiwi Club.
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Much of the trading in prediction markets is on topics with little economic relevance.
OpinionHere’s a couple things about prediction markets. A lot of it is gambling and speculation, much of it on things with very little economic relevance. Another fact is that in all likelihood, if you yourself started trading right now, you’d probably lose money. But there is money being made by some dedicated traders, focused on areas like politics and economics.
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Much of the trading in prediction markets is on topics with little economic relevance.
OpinionA new trader starting in prediction markets would likely lose money.
PredictionBrian Golden and Daniel Reichman are part of a private Discord group called MAGA Kiwi Club.
OpinionSome dedicated traders are making money in prediction markets.
BloombergPrediction markets are largely pure gambling and speculation.
Opinion