Terry Rozier and the Teleprompt Operator

01284a7e

"This is frustrating to admit, because prediction markets can be societally useful: it is important to have good forecasts on federal government shutdowns, landfall of hurricanes in the Southeast, and traffic through the Strait of Hormuz"... Prediction markets do not provide good forecasts, and are in no way "societally useful".

solidasparagus

It feels like this article is trying to have it both ways. It claims that the Terry Rozier bet wouldn't be viable in pre-2017 because people who be savvy enough to notice the weird bet and retaliate. But in the legal market, the odd bet was noticed immediately, prop bets on Rozier were shut down before tipoff, and there was a federal investigation into it. It's a weird claim to act like the legal market enabled a successful bet that the prior illegal market would have stopped.

joezydeco

Nothing wrong with a little frontrunning. Ask any HFT firm how do to it right.