site banner

Culture War Roundup for the week of January 5, 2026

This weekly roundup thread is intended for all culture war posts. 'Culture war' is vaguely defined, but it basically means controversial issues that fall along set tribal lines. Arguments over culture war issues generate a lot of heat and little light, and few deeply entrenched people ever change their minds. This thread is for voicing opinions and analyzing the state of the discussion while trying to optimize for light over heat.

Optimistically, we think that engaging with people you disagree with is worth your time, and so is being nice! Pessimistically, there are many dynamics that can lead discussions on Culture War topics to become unproductive. There's a human tendency to divide along tribal lines, praising your ingroup and vilifying your outgroup - and if you think you find it easy to criticize your ingroup, then it may be that your outgroup is not who you think it is. Extremists with opposing positions can feed off each other, highlighting each other's worst points to justify their own angry rhetoric, which becomes in turn a new example of bad behavior for the other side to highlight.

We would like to avoid these negative dynamics. Accordingly, we ask that you do not use this thread for waging the Culture War. Examples of waging the Culture War:

  • Shaming.

  • Attempting to 'build consensus' or enforce ideological conformity.

  • Making sweeping generalizations to vilify a group you dislike.

  • Recruiting for a cause.

  • Posting links that could be summarized as 'Boo outgroup!' Basically, if your content is 'Can you believe what Those People did this week?' then you should either refrain from posting, or do some very patient work to contextualize and/or steel-man the relevant viewpoint.

In general, you should argue to understand, not to win. This thread is not territory to be claimed by one group or another; indeed, the aim is to have many different viewpoints represented here. Thus, we also ask that you follow some guidelines:

  • Speak plainly. Avoid sarcasm and mockery. When disagreeing with someone, state your objections explicitly.

  • Be as precise and charitable as you can. Don't paraphrase unflatteringly.

  • Don't imply that someone said something they did not say, even if you think it follows from what they said.

  • Write like everyone is reading and you want them to be included in the discussion.

On an ad hoc basis, the mods will try to compile a list of the best posts/comments from the previous week, posted in Quality Contribution threads and archived at /r/TheThread. You may nominate a comment for this list by clicking on 'report' at the bottom of the post and typing 'Actually a quality contribution' as the report reason.

5
Jump in the discussion.

No email address required.

  1. This makes no sense to me. What is the key difference that matters in your opinion? Is it the probability of payoff? Prediction shares are binary, so if one side has low probability, the other one has high probability. Start-up equity has low probability of success: are they in the same category? Is the issue that they hold your money until the event? We could imagine a type of prediction markets where we put shares of VOO instead of cash. Would that change your view on them? The shares are going to be held anyway, so there is no inefficiency there.

  2. You don’t need to assume that perfect information is good to think prediction markets are good. That’s a strawman if I ever saw one. You might be able to make a strong case for banning prediction markets based on negative effects of too much information, but it won’t be a strong case unless you explain why it wouldn’t be better to, say, have their players contracts prohibiting this and enforcing it.

Re: #1 see my replies to @netstack above and to @2rafa below.

Re: #2 I disagree that this is a strawman. Pretty much every justification for the positive value of prediction markets that I have ever come across can be boiled down to a single supposition; "More information is always better". If you think that's an unfair characterization, please provide an alternative.

  1. I still don’t understand your point of view on this. Why is there a difference between acquiring a real asset versus a financial asset (that is someone else’s liability? You mentioned wealth creation, but trading financial assets/securities creates wealth. Trading happens under mutual agreement which means both parties are better off.
  2. Using that segue, prediction markets create value in the same way that any trading creates value. What gives rise to two people wanting to trade with each other? Different situations in or different beliefs about the future. This is the simplest libertarian argument for freedom to trade with each other.

Re: #1 I do not know how to state my case any more plainly than i did in my reply to @2rafa.

In the conventual stock market you buy shares of Amazon or US Steel that money is (in theory at least) adding to the capital valuation of that company. That capital valuation then helps finance things like new equipment, payroll, etc... You are paying money to own a "share" of that company, it may be only a 0.000000002 percent share of a billion dollar company, but (again in theory at least) 0.000000002 percent of that billion dollars belongs to you and you can cash out at any time.
Meanwhile "investing" in predication markets is something more akin to "investing" in scratchers tickets. The House has your money regardless and all you are left with is the hope that they might share a portion the money they already took off of others with you.

emphasis added.

Re: #2. Meanwhile when you put money into a Prediction Market your money isn't going into the economy (at least not directly) nor is it going into deciding your wagered outcome, it is going to "the house" and what you do (or do not) get paid back is entirely dependent on the house. In this sense a prediction market is not really a "market" in the "market economy" sense of the word so much as a Casino cosplaying as a market.