it feels inevitable that prediction markets are drifting towards hypersition. participants will stop asking what will happen and begin positioning around what must happen. the market will no longer observes the current, it creates pressure in a single direction. ex: if enough people believe a company will fail, money dries up and it becomes harder for that company to survive. if a narrative gets heavily priced in, it stops being “just a take” and turns into the accepted story. the future, once something we tried to guess, will become something the market quietly compels.