Finance platforms racing to add prediction markets are doing so at the cost of accelerated โcasino-likeโ user churn, says venture capital firm Inversion Capital founder and CEO, Santiago Roel Santos. Santos argued in a blog post on Saturday that while he is a โbeliever in the underlying ideaโ of prediction markets, he thinks offering them in mainstream finance apps like Robinhood threatens future value capture by increasing the risk of user account liquidation.ย โThe problem with casino-like products isnโt that users lose money. Itโs that casinos accelerate churn,โ he said.ย …
Prediction Markets Hurt Fintech User Churn: Inversion CEO
