@joonlee How is it troubling? It’s just another step in educating people about prediction markets. If consenting adults are betting on outcomes that rely on the whim of one person, they’re taking a huge risk. This announcement by Giannis helps the market realize that.
@hottakeharry Maybe don’t bet on outcomes that rely on the whim of just one person? If Bobby Portis wanted to put $1M on Giannis staying because it was a ‘sure’ bet, you don’t think the market would’ve priced in a massive new whale? Insider information makes predictions better
@ProFootballTalk Prediction markets are designed to extract TRUTH. Insider information helps bring out the truth if insiders are willing to bet on it.
If everyone knows Giannis is a shareholder, they’ll be less willing to bet on Giannis-related bets… aka more-informed users!