Tag: forecasting vs gambling
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Prediction Markets vs Betting: What’s the Difference?
There’s a funny thing that happens whenever prediction markets come up in conversation in Kenya. Someone usually says, “So basically betting?” Then another person says something about Aviator or Premier League accumulators and the discussion drifts off into odds and last-minute goals. It happens a lot. Probably because both systems involve uncertainty, probabilities, and people…
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