3min chapter

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The Most Exciting Experiment In Crypto: Futarchy | Robin Hanson & Proph3t

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CHAPTER

Challenges and Criticisms in Implementing Prediction Markets in Crypto

This chapter delves into the hurdles encountered in deploying prediction markets in the cryptocurrency sector, citing issues with organizational upheaval, legal barriers, complex user interfaces, and user inclination towards entertainment betting rather than serious trading. A major hindrance identified is the resistance from organizational leaders towards the disruptive nature of prediction markets which function autonomously and may expose unexpected or undesirable data.

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