Polymarket, Prediction Betting Markets Vindicated by Trump's Strong Showing - The prediction markets have definitely been interesting to watch. Worth remembering though that they function very differently to polls. As you get closer to the event you would expect the prediction market to get closer to 100%. Also the people participating there aren’t necessarily representative of the regular population. It wonder what types of events they get wrong. Prediction markets !== default reality, no matter what people say. Imo, there’s a bit of a danger they, or something similar, could become the next incarnation of the nanny state. www.coindesk.com #
2024/11/07 #
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Jeff Bezos, Sam Altman, Tim Cook and other tech leaders congratulate Trump on election win - Very different to last time. It’s nice to see there is a bit of national unity despite the very vicious run up. I’ve been listening to quite a few podcasts, from both the left and right. It’s really interesting to hear the Democrats analysing what went wrong. I’ve been suprised by how good the retrospective analysis has been. It’s suprising because I think it shows that many could see better than they were admiting too during the campaigning. www.cnbc.com #
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Stock markets and dollar rise as US election result in focus - Good to see some positive signals from the markets. Keep an eye out to see how this changes during the first few weeks of the new government. www.bbc.com #
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Republic vs. Democracy: What Is the Difference? - It’s been interesting this morning to read about the differences, I wasn’t aware of the details previously. The US is technically a constitutional republic, not a democracy. The biggest difference appears to be that republics try to create a balance between majority and minority that prevent situations where the majority totally out power minorities. I was a bit suprised by this because I always thought the Democrats were about protecting workers and minorities. www.thoughtco.com #