Interesting things
@awkwardgoogle
Joined January 2012
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calling prediction markets gambling when local businesses are basically using them as weather insurance is just out of touch.
plus skiing is cool.
Utah’s political leaders are missing the bigger picture on prediction markets.
Consider a business that depends on ski season. A contract that pays when snowfall falls short could help offset lost revenue. It doesn’t end there either. These markets provide some of the only hedging small businesses can resort to as insurance writers leave them out in the open.
Writing this off as gambling ignores a practical use: helping people protect themselves against events they can’t control.
This Forbes piece makes a good case for looking beyond the gambling stigma.
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