Stephen Grugett (Manifold Markets Founder) - Predictions Markets & Revolutionizing Governance

Stephen Grugett is a cofounder of Manifold Markets, where anyone can create a prediction market. We discuss how prediction markets can change how countries and companies make important decisions. Manifold Markets : https://manifold.markets/ Watch on YouTube . Listen on Apple Podcasts , Spotify , or any other podcast platform. Episode website here . Follow me on Twitter for updates on future episodes. Timestamps: (0:00:00) - Introduction (0:02:29) - Predicting the future (0:05:16) - Getting Accurate Information (0:06:20) - Potentials (0:09:29) - Not using internal prediction markets (0:11:04) - Doing the painful thing (0:13:31) - Decision Making Process (0:14:52) - Grugett’s opinion about insider trading (0:16:23) - The Role of prediction market (0:18:17) - Dealing with the Speculators (0:20:33) - Criticism of Prediction Markets (0:22:24) - The world when people cared about prediction markets (0:26:10) - Grugett’s Profile Background/Experience (0:28:49) - User Result Market (0:30:17) - The most important mechanism (0:32:59) - The 1000 manifold dollars (0:40:30) - Efficient financial markets (0:46:28) - Manifold Markets Job/Career Openings (0:48:02) - Objectives of Manifold Markets Get full access to Dwarkesh Podcast at www.dwarkesh.com/subscribe