Cool!
This is the big question in my mind though:
The difference is the athlete will already have an investment in his performance, so he'll be forced to take action when he knows of a major injury before ESPN. I'm not an expert on the stock market, but it seems like 'insider trading' would be a huge problem that needs to be addressed if this ever gets off the ground.
Awesome read, though! It definitely got me thinking...
I also love the fact that this would dictate salaries to an extent.
This is the big question in my mind though:
The difference is the athlete will already have an investment in his performance, so he'll be forced to take action when he knows of a major injury before ESPN. I'm not an expert on the stock market, but it seems like 'insider trading' would be a huge problem that needs to be addressed if this ever gets off the ground.
Awesome read, though! It definitely got me thinking...
I also love the fact that this would dictate salaries to an extent.
I like this part
As this new market takes shape, you can almost hear the moral objections and kvetching about the soul of professional sports. For example: This is just legalized gambling.?But the market is a way for legitimate businesspeople to reduce their risks. It is indeed gambling, but then, so is the New York Stock Exchange :toast:
As this new market takes shape, you can almost hear the moral objections and kvetching about the soul of professional sports. For example: This is just legalized gambling.?But the market is a way for legitimate businesspeople to reduce their risks. It is indeed gambling, but then, so is the New York Stock Exchange :toast:
