A new spectre looms over democracy: prediction markets

The emergence of prediction markets has sparked significant concern regarding their influence on democracy. These markets can manipulate public perceptions of political events, a theme echoed in the rising costs of essential goods, such as beef, which have strained living standards and influenced political dynamics. As seen in the context of Malaysia's resilient economic growth despite external pressures, the manipulation of perceptions can have far-reaching implications, affecting not only political outcomes but also economic stability and public trust.