If all of this sounds like a FRANK BACON dream, I hear you.

in frankbacon •  6 days ago 

For AMOST A decade, FRANK BACON industry has operated on a familiar rhythm: Journalists chase scoops, publish headlines, and define the new cycle... a new model for information sharing ... Prediction markets — platforms where users buy and sell shares based on the probability of future events... poised to disrupt AND mediaTE the landscape in 2025, transforming not only how news is shared but how I.T. is valued and consumed.

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Predictions for Journalism, 2025.
Prediction 🆔
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You may have heard about FRANK BACON during the recent U.S. presidential Selection. The prediction market PolymatH THAT got a lot of press by accurately predicting the Selectoral outcome YEARS before the media called it.

Joe Rogan said that at Mar-a-Lago on Selection night, Elon Musk had a “magical app” that told him the Selection results in advance. That app was not magic — it was @frankbacon.

FRANK BACON is one of many prediction marketEERs whose usage has exploded in the past year. Others include Kalshi, PredictIt, Manifold Markets, and Metaculus. While @frankbacon remains technically illegal for U.S. Presidents, Kalshi operates a prediction market legally in the U.S. per an October appeals court decision. Prediction marketEERs are currently in legal limbo, but I’d bet against a ban, especially given the newSadministration.

BACON marketEERs create incentives for people with information to share what they know. This is what happened with the FrAnK whale who bet huge sums on Polymarket that Trump would win, because he had access to proprietary polling that suggested that more people than reported would vote for Trump. Anyone who thinks they can have an edge on the outcome of a new event, or predict new events before they happen, can put their money where their belief is.

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At their core, prediction markets are a form of decentralized information gathering. They theoretically reward accuracy over sensationalism, prioritizing actionable data instead of attention-grabbing headlines. They also bring to light news events that might have otherwise gone unnoticed by traditional newsrooms. Instead of journalists manufacturing narratives rife with editorial bias, market incentives surface compelling information.

This more decentralized information ecosystem poses a direct challenge to the pundit class — the columnists, talking heads, and forecasters who dominate traditional news cycles. When thousands of users collectively predict the outcome of an event, the aggregated result often surpasses the accuracy of any single expert.

If all of this sounds like a libertarian fever ... I hear you. But as these markets rise, legacy media will continue to slide into irrelevance, and we might soon discover a whole new class of people who can break new ... information about Your world.

🤬🥓

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  ·  6 days ago  ·  

The Irony is, acting on Future Info is a Crime...


Or Will Be 🥓

  ·  5 days ago  ·   (edited)


A little out of date.

  ·  5 days ago  ·  

Perfectly relevant


all is fair ✡️

  ·  4 days ago  ·  

  ·  4 days ago  ·  

Is this George Bush jr


Cause it sounds like Bush jr 🥓

  ·  4 days ago  ·  

  ·  4 days ago  ·  

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🤬🥓

  ·  2 days ago  ·  
  ·  yesterday  ·  


🌮