Comment Text:
Prediction is the ridiculous younger sibling of predication.
The prediction markets are diluting the quality of life by attempting to quantify attributes with absolute meaning.
This erodes the subjective nature of life.
It entices human minds to eschew the development of appreciation for life in favor of the immediate valuation of events in solely fiscal terms.
For that reason, prediction markets need regulation akin to pornography which similarly seeks to quantify a qualitative experience of life.
Prediction markets should be an attribute of social life with a legal age requirement above that of other options, say, 40 years of age required to participate.
Such will allow a secondary market to occur around that requirement for all who seek to transact predictions despite their age.
That secondary market will infuse an experiential quality to that which quantifies occurrences.
Regulate prediction markets that requires a four decade minimum age of those participating and the detrimental aspects wrought by the prediction markets will be mitigated to minimal impact while the positive aspects will be maintained.
