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It's like substituting chew for cigarettes. What's the problem?
I think there are some things that make it a potentially bigger issue than traditional betting, like ease of access by minors, the frictionlessness of the interface, the ease of doing it alone, etc
None of those issues seem intrinsic, at least in comparison to the online casinos that have been around for a long time already.
I'm starting to think that literally having to sit down at a computer and use a mouse and keyboard was enough of a friction to prevent the population from going crazy, and that barrier has now been removed, and now people can simply ooga booga by pointing their fingers at the thing like babies
Hard to argue with that
that's its too minor, too insignificant, and too stupid?
I'm not saying I'm against prediction markets, but I do think pitching it as some social good is a bit rich.