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Markets in fact-checking - Works in Progress

worksinprogress.co · 4,513 words · saved by 2 readers

Exposing misinformation online is hard to do at scale and can veer into outright censorship. The wisdom of crowds can lead us to the answers.

Contemporary debates over online speech are stagnant and unimaginative. People have bemoaned the spread of misinformation, conspiracy theories, and hate speech on social media platforms for years, and proposed regulations that aim to solve the problem – but often at the expense of free speech, privacy, or competition. There is an alternative option: prediction markets. Prediction markets can discipline and expose deceptive claims in a way that avoids political bias and curbs on people’s freedom and privacy online. Talk is cheap, as the old saying goes. This is especially clear on social media

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