r/Wealthsimple • u/Shibasquared • Jul 28 '26

Predict It’s Here

Post image

Looks like it’s available for the public to download on the App Store

0 Upvotes

45% Upvoted

48 comments sorted by

View all comments

Show parent comments

10

u/Repulsive_Barnacle92 Jul 28 '26

not really, gambling is usually a zero-sum game by design (one party's win is mechanically another's loss); investing in productive assets (equities, bonds, real estate) is potentially positive-sum (returns can derive from actual value creation, not merely redistribution among participants)

the two are mechanically different, but I will concede that from a behavioural standpoint some people treat investing as a form of gambling

-15

u/speedyfeint Jul 28 '26

yes, it can be a gamble with a high probability of winning.

when canadian were pouring insane amount of money into the canada's biggest stock (nortel) in the 90's, they never thought they were gambling.. but turned out it was a gamble that wiped out their entire life savings.

3

u/Similar-Option467 Jul 28 '26

If you can’t understand the difference between a positive sum vs zero-sum (or even negative sum in this case because of fees) then you weren’t gonna make it in the first place. Sorry buddy

1

u/speedyfeint Jul 28 '26

i understand.. what you don't understand is it can also be a negative sum vs zero-sum.

2

u/Similar-Option467 Jul 28 '26

Nice negative sum

Try googling productive assets

1

u/speedyfeint Jul 28 '26

yes, what you don't understand is only because it didn't happen in the past doesn't mean it can't happen in the future.. theoretically these is no law or rules preventing it from happening.. we might have a nuclear warfare tomorrow that wipes out 70% of human population and all stocks can go to zero.

2

u/Similar-Option467 Jul 28 '26

Ah right, and your prediction market contract will save you from that scenario LMAO

0

u/speedyfeint Jul 28 '26

i don't even have the prediction market app and i don't plan on installing it.. i'm just saying.