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- Over time, rational people without private information should learn not to participate in gameable markets
- Liquidity in gameable markets should dry up
- Perhaps there remains a certain percentage of the population who are gambling addicts / think they're smarter / don't learn
- When they lose their shirt, should society pick up the tab for them?
Seems to me that everything always comes down to whether we let people live with the consequences of their decisions
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I’m all for cutting off all government benefits to anyone engaged in no-no behavior.
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doesn't really matter if you're for it, what matters is what everyone else thinks
democracy kinda sux
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If these markets can exist permissionlessly, or effectively so, then democracy can go pound sand.
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Pay attention to the resolution criteria and be wary of poorly specified markets.