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This is slightly different from what OpenCode was banned from doing; they were a separate harness grabbing a user’s Claude Code session and pretending to be Claude Code.

OpenClaw was still using Claude Code as the harness (via claude -p)[0]. I understand why Anthropic is doing this (and they’ve made it clear that building products around claude -p is disallowed) but I fear Conductor will be next.

[0]: See “Option B: Claude CLI as the message provider” here https://docs.openclaw.ai/providers/anthropic#option-b-claude...


and they’ve made it clear that building products around claude -p is disallowed

Imagine not being able to connect services together or compose building-blocks to do what you want. This is absolute insanity that runs counter to decades of computing progress and interoperability (including Unix philosophy); and I'm saying this as someone who doesn't even care for using AI.


But you can still integrate this (claude -p) into your local workflows when you basically want to pipe pipe stuff to Claude for inference

it's trivial to use tmux. But it does feels like openclaw is used (and increasingly developed) by people who never heard of it.

openclaw even ships with a built in tmux skill

You absolutely can, just pay for their API usage. The subscriptions are deeply discounted if you use your full quota compared to the API.

It is confusing for a company to sell you the subscription service, say "Claude Code is covered", ship Claude Code with `claude -p`, and then say "oh right, actually, not _all of Claude Code_, don't try and use it as a executable ... sorry, right, the subscription only works as long as you're looking at that juicy little Claude Code logo in the TUI"

The disrespect Anthropic has for their user base is constant and palpable.


You could think about it this way:

All AI prices will rise soon - probably shortly after the IPOs. The new prices will be eyewatering compared with today’s. This bulling change is lengthening the time until Anthropic have to raise the subscription prices, so those of us who’re not doing 24hr claw stuff can continue to use the tools the way we’ve gotten used to.


This strikes me the same way the people in college who would print 497 empty pages at the end of the semester for the quota "they'd paid for" or that one guy who made lemonade at restaurants with the free lemon wedges and sugar packets. "Contempt for users" is silly. Adjusting terms to handle users who use things as not intended isn't contempt.

Contempt for users is not silly when the CEO of said company has repeatedly claimed they will replace SWEs "end-to-end" by next year.

I'm not sure what to say. You're either listening to the actions of these companies, or you're not in a place where you feel the need to be concerned be their actions.

I'm in a place where I'm concerned by their actions, and the impact that their claims and behavior have on the working environment around me.


Did he say they will replace SWEs, or maybe something more nuanced, that code will be written by AI tools?

Honest question from my end, I try to not read every AI related news that keeps telling me “it’s over, good luck feeding your family in 9-12 months”.


At no point in the last 10,000 years of human civilization has there not been a developing technology that threatened to forever reshape and displace a class of labor.

Or are you also upset about the modern plight of the telephone operator, farrier, or coal miner?


I see -- and AI is just like all technologies that came before it ...

It is not a class of labor ... it is all digital labor. Do you or do you not understand this?

It is digital knowledge itself, and then all communication labor, and then all physical labor with robotics.

Is this clear to you?


Are SWE's the only digital labor job?

And? Hyperbolic fear of change always exists and there's always been more work.

Marx' whole idea of Communism was predicted on the fact that he assumed industrialization would lead to a post-scarcity society requiring virtually no work and a overhaul of how everything was owned and produced. Boy was he wrong.


Oh nooo, labor might be automated and we might see advancement that makes the Industrial Revolution look small! Oh, the humanity! Please someone, stop progressing humanity, I need to cling to my sticks!

> building products around claude -p

But OpenClaw is not a product. It's just a pile of open source code that the user happens to choose to run. It's the user electing to use the functionality provided to them in the manner they want to. There's nothing fundamental to distinguish the user from running claude -p inside OpenClaw from them running it inside their own script.

I've mostly defended Anthropic's position on people using the session ids or hidden OAuth tokens etc. But this is directly externally exposed functionality and they are telling the user certain types of uses are banned arbitrarily because they interfere with Anthropic's business.

This really harms the concept of it as a platform - how can I build anything on Claude if Anthropic can turn around and say they don't like it and ban me arbitrarily.


Claude Code is not a platform and you’re not meant to be building on it. Netflix is also not a platform and you shouldn’t be running code (open source or not) to mass download Netflix movies either.

It's a reasonable comment, and I should be clear, I don't expect it to be a platform. But I do expect to be able to use its advertised features for any reasonable purpose they can support.

Where it leaves me is is sort of like the DoD - nobody should use Claude for anything. Because Anthropic has set as principle here that if they don't like what you do, they will interfere with your usage. There is no principle to guide you on what they might not like and therefore ban next. So you can't do anything you want to be able to rely on. If you need to rely on it, don't use Claude Code.

And to be clear, I'm not arguing at all against using their API per-token billed services.



Is using claude -p supposed to be dangerous? Could someone be confused as openclaw or other things?

If yes, why do Anthropic provide this cli flag?


Ah thank you, this is very helpful distinction to know.

When they shut down open code, I thought it was a lame move and was critical of them, but I could understand at least where they're coming from. With this though, it's ridiculous. Claude core tools are still being used in this case. Shelling out to it to use it there's no different than a normal user would do themselves.

If this continues, I'll be taking my $200 subscription over to open AI.


Im still using opencode with claude pro so im confused.

You're using it with a PAYG API key, not a subscription.

No a normal user is not shelling out to Claude Code 24/7, but OpenClaw certainly is.

OpenAI will soon do the same thing, don't be delusional.


If OpenAI does it too, well then I guess my principles will be challenged. Gemini CLI is unfortunately too eager to use Flash despite my setting it to use Pro, and it generates ass code that doesn't work, so that's out. I might have to invest in some GPUs then and run local. We'll cross that bridge when we get there though.

I’m also terrified of this.

When this happens I will have to look at other providers and downgrade my subscription. Conductor is just too powerful to give up. It’s the whole reason why I’m on a max plan.


I assume this means we can no longer use Claude code sessions in editors like zed because it also wraps claude cli via ACP?

ACP was a good idea but I feel it has not lived up to its potential.

Has there been an actual change to their ToS? As of the last change which I saw reach HN, a week or so ago, `claude -p` was still in compliance with the Claude Code ToS. Has that language changed?

Came here to say the same. I remember the discussion on HN back then where we discovered that an official from Anthropic made clear that claude -p was still okay.

I keep hearing OpenClaw runs on pi?

EDIT: confused by downvotes. In this thread people are saying it runs on top of `claude -p` and others saying it's on pi.

The `claude -p` option is allowed per https://x.com/i/status/2040207998807908432 so I really don't understand how they're enforcing this.


It runs on pi, not claude -p

That's my understanding too, though i haven't checked it. running claude -p would be horribly inefficient. I would not be surprised if openclaw added some compatibility layer to brute force prompts through claude -p as a workaround. This isn't the first time that openclaw was "banned" from claude subscriptions.

Why are they doing that? Opus is the only good way to run Claw. Do they regret making it cheaper or what?

Also what's the point of Claude -p if not integration with 3rd party code? (They have a whole agents SDK which does the same thing.. but I think that one requires per token pricing.) I guess they regret supporting subscription auth on the -p flag


> Opus is the only good way to run Claw

that's a ridiculous position to take - gemini and others work just great with claw...


5.4 and minimax 2.7 work nicely as well.

Well, it might have been cargo culting but that was the consensus in the OC community a while ago.

exactly. They probably have unsustainable margins on accident.

FWIW I am sympathetic to Anthropic here, but OpenClaw _is_ using the Claude Code harness (via claude -p). But yes, Anthropic has made it clear they don’t like this.

So they changed it? Last I heard they hadn't. Where did they announce they were switching to the Claude harness? I can't find anything.

I received the email and I have been using “Option B”, which wraps the Claude CLI. https://docs.openclaw.ai/providers/anthropic#option-b-claude...

I have heavy usage on two accounts with option c and didn't get an email

Looks like Anthropic called in a favor and it's removed now.

Ah, another you can’t, but they can.

I’m still a little humored over peak web3 and the DAO / soft contract nonsense. Like in order to stop fraud entire coins were forked…


Sure you can, if you have a legitimate case you can ask npm to unpublish and they handle things manually :)

I have had to do this, well over a decade ago now, when working at a place that was a pretty big deal in the node world, and node was still pretty new. They helped us.

I would imagine GH would do the same if its a high enough profile issue.


Yep, we had to do this recently with Renovate, where we had too many releases, and new publishing hit a size limit on the registry, so we needed support to help us unpublish a load of old releases

Good luck with that.

> And now here come the prediction markets, such as Polymarket and Kalshi, whose combined 2025 revenue came in around $50 billion.

Bizarre to call trading volume "revenue". Last year, trading fees for Kalshi amounted to about $263 million[0], whereas Polymarket largely did not have fees in 2025 and is turning them on in a few days[1].

[0]: https://finance.yahoo.com/news/kalshi-fee-revenue-2025-263-1...

[1]: https://gamingamerica.com/news/polymarket-free-ride-over-int...


I can't believe people are throwing so much money on zero/negative sum games that on average have no benefit to anyone including yourself. I mean I know gambling is a thing but at least we are counting that as an addiction. But we seem to take polymarket more seriously.

With proper constraints, there is a major positive externality in aggregating public and private information through market mechanisms. Robin Hanson wrote about this subject extensively. Dismissing it outright as a zero-sum game is a bit naive.

It also creates a lot incentives for creating unpredictable chaos as an insider.

I explicitly accounted for this incentive with my first three words.

What constraints and how do you enforce them?

I'm curious what positive externalities you're thinking about? Being able to make plans for the future?

A male in a country that is about to enter a war could decide to leave to avoid conscription, depending on the odds

Doesn't take a weatherman to tell which way the wind blows

Again, as I said, "aggregating public and private information through market mechanisms".

That's vague enough to be more or less meaningless, where specifically do you see positive externalities outweighing the numerous negative ones?

If that strikes you as vague, I strongly recommend you to read at least an LLM summary of "The Use of Knowledge in Society".

Just give an example, dude. Stop being abstract.

Ah yes, vague non-solutions.

They will be uttered in response to criticism and then quietly ignored until the inevitable. Rinse and repeat. A true mark of a grifter.


> With proper constraints,

load bearing phrase there

nothing about the US currently can be characterized as having proper constraints

generic "bet on anything" betting markets massively encourage corruption and market manipulation via shock events and insider trading. false flag attacks, etc


>With proper constraints, there is a major positive externality in aggregating public and private information through market mechanisms. Robin Hanson wrote about this subject extensively. Dismissing it outright as a zero-sum game is a bit naive.

It's only gambling when you are betting of completely random events. If you know what the odds are of something happening, even with some approximation, then it is not gambling.

Of course, over 99% people placing bets on Polymarket are gamblers, but some aren't.


Why does knowing the odds make it not gambling?

The odds are known in a game of roulette, is that not gambling?

You can calculate the odds in games like blackjack to attempt to gain an edge, is that not gambling?


Randomness does not imply the uniform distribution

There are much bigger negative externalities: see e.g. all the enshittification driven by number must go in the global gambling system.

v. edgelordy

There's three kinds of players on Polymarket & others

* The insider trading ones that will never lose money

* The wallstreetbets degenerates with enough money that it's a fun game even if you lose money

* People that have seen every chance they have at becoming moderately wealthy disappear under the current economic state of their country, where overwhelming debt is likely. The era of making it wealthy from a job is gone, an enormous part of the population is stuck going from small job to ubering, while being showered with videos of wealth from social media. The only way to make it out is gambling. Whether that's polymarket, sports betting, etc.

When you're already in a shit situation with no hope, "it's a zero sum game" isn't a good counterargument.


There are also large trading/market making firms providing liquidity, especially on markets associated with up/down bets on crypto, stocks etc. They use all the options trading machinery they've already built for more 'respectable' venues like CME/Eurex etc, further squeezing the margins for retail traders.

They're active on bets that are even considered "meme" bets. Example: Jesus returning in 2026 - If you can get a loan at 4% as a big well respected trading firm and plonk it on Jesus not returning at 94 cents, you're making ca. 2% for 'free'. (Unless Jesus returns, in which case you have bigger problems than your portfolio pnl).


Note that #1 will get kicked off the platform immediately. Even non-inside traders who win significantly more than expected will be kicked off. If you’re on the platform, you’re losing.

That was my initial opinion, but more recently it's been established that there's quite a bit of a cat and mouse game here – people have come up with elaborate workarounds to avoid getting booted or limited by the platform, while the platforms come up with increasingly sophisticated monitoring to catch them before they win too much.

Though to your point I think these big winners are not representative of most users, who in my experience often think they're beating the system but in reality just don't log their losses very well. The house always wins etc etc.


This is true for traditional gambling platforms, because they bet directly against their users, and make money when their users lose those bets.

Polymarket has a different incentive. They profit when their users bet more money, through percentage fees. Insider trading helps them achieve this by bringing in more money to the platform--they won't kick insider traders off.


At the moment being, Polymarket has an enormous reputational incentive against behaving like a predatory gambling company. People rely on it as a kind of decentralized alternative to New York Times. Distorting this effect would be very short-sighted.

I believe they are incentivized to discourage insider bets and essentially "rigged" wins. I do not think they will ever be able to control the problem of insiders leveraging guaranteed knowledge to take money for the poor suckers who don't know the game they are playing. Maybe that's too pessimistic, but at this point I don't see how anything but a pessimistic view is warranted.

Putting bounties on insider knowledge is the ideological justification for these kinds of betting markets, so I doubt they’re going to stop this kind of thing

Rigged wins aren't a real problem. Everyone knows that sports betting apps are rigged, and it doesn't affect them at all. In fact, the latest explosion of customers has been accompanied by even more blatant rigging in the form of unwinnable multi-leg parlays. Hasn't slowed them down.

> Rigged wins aren't a real problem.

Aren't a problem for whom, exactly? I'm not commenting here with concern about the prediction market businesses, founders, or shareholders. I'm concerned for the suckers who are and will continue to be taken advantage of. Forgive me for not abandoning all empathy for those suckers just because they don't realize they're being mugged. These prediction markets are zero-sum, with the connected and resourced taking yet more from those with less.

That's like me complaining about Wall St. tampering with bond ratings on sub-prime mortgages, and you telling me "Don't worry, the banks will be fine." I don't care about the banks, they have enough people looking out for them, and their golden parachutes will catch them on the way down anyway.


Aren't a problem for the companies; I was responding to you saying they're incentivized to stop it.

Believe me, I am not on their side. Gambling companies are a financial weapon aimed at the working class and a just society would shut them down. I don't blame you for assuming, though, given where we are.


Ah I hear you, makes sense

That's true for now. A part of me hopes that one day prediction markets will have the same set of technical constraints, norms and laws that make the stock market mostly work. Let's wait and see.

And online sports books have the same reputational incentives, but don't seem to be suffering any damage.

Do these platforms care since the insider traders aren’t taking money from the house?

Also, I really feel like so many of the people defending prediction markets don't understand the very basics of economy and behavioral science: incentives.

You're creating a legalized system with the incentives to influence events to make terrible stuff happen.

We've already seen huge bets on the deadline of US attack to Venezuela spike few hours/days before the actual aggression.

Which means that insiders not only hold information, but have the incentives to make stuff happen.

And naysayers (which seem to be dropping from the same basket of NFT/crypto cultists) will tell you that this is about probability and information discovery.


And the naysayers would be right. They come from two approaches:

- Property rights: bettors are waging using their own property at their own direct risk. To prohitbit such a thing is to violate their property rights, plain and simple; - Information aggregation: prediction markets originally appeared to help make informed decisions about an event by proof-of-stake. If I'm not mistaken, this idea was originally developed by NSA/CIA/FBI for this purpose.

You mentioned misincentives like hold information (which isn't actually related to prediction markets, but more so to NDAs and similar) and "making stuff happen". The latter is functionally the same as policemen/judges/prosecutors/prisons having an incentive to create more criminals. Really, most goals people have may be achieved via criminal means. We don't outlaw free will because people have an incentive to achieve their goals via criminal means, we increase punishments (increasing potential loses), improve tracking/prevention (reducing success chances), etc.


Gambling -> bad gamblers lose -> bankruptcy -> creditors eat losses

Technically, a lot of gamblers are gambling someone else’s money, they just havens lost enough yet for it to matter.

If you want to bring back debtors prison I guess I’d be fine with legalized gambling. If I’m stuck holding the coupon, I’ll pass.


I feel like we are skipping a lot implicit things that shouldn't be left implicit. How are you paying for the bad gamblers' losses? Are you deliberately lending to gamblers without due check? Probably not, that would be very imprudent.

If you aren't the creditor, then I suggest that you make it explicit how you are losing wealth with this. Good chance the issue might be somewhere along the way.


No, they would be wrong.

Have them have a prediction market on whether their house will be arsoned tomorrow or they will be hit by a car and instantly they will recognize the danger of the incentives and the bs of "information hedging based on price discovery".

Cause way worse events allow betting and profiting.

Give me a break, we're at the complete decadence of society and its intellect. Nobody can recognize right or wrong anymore let alone understand why insider trading, betting, etc, has been outlawed and prosecuted forever.

We live in the vilest era I remember since I was born, this is beyond disgusting.


I suggest that you think rationally about what you just said. Why wound anyone open a bet on "rando's house will be set on fire"? Why would they bet on "yes"? You can't present a generic case such as that without going into details about motivations and actual incentives.

Those way worse events also have a lot of extra political motivations behind it. If someone starts a war with the sole intention of winning a bet, there might worser problems than prediction markets.

The third paragraph might as well have been written by a consertive nutcase. Surely, if only you can recognize rights and wrongs, then you can objectively and undeniably prove them to this forum. On its own, it isn't much more than a appeal to tradition.


> I suggest that you think rationally about what you just said. Why wound anyone

That doesn't read like a good-faith response. Parent-poster brought up an archetypal scenario asserting that certain people are ignoring malice/harms because they are not personally affected, exhibiting a latent logical contradiction or double-standard.

Instead of addressing the actual point (the existence/seriousness of the harm category) you've begun nitpicking that there aren't enough irrelevant operational details about the hypothetical arsonist and hypothetical attack.

_______

"They are correct that rain is natural and normal, this isn't a big deal."

"If it was your house being flooded by neighbors' failure to control runoff flooding created by impermeable construction, you wouldn't say that, you would recognize the harm!"

"Pish tosh! I suggest you think rationally about the fact that my house is on a hill! For what possible reason would I put myself in such a situation?"


The existence and severity of the harm, as argued by OP, relies on incentives. But incentives don't exist on a vacuum, nor are they individually absolute over human behavior. Simply stating that something has a bad incentive and that'll result in evil, on its own, isn't much better than assuming spherical cows.

The reason I nitpicked on the arsonist example is to elaborate on that: the arsonist does indeed have an incentive to put fire onto someone's house due to the bet, but the bet itself increases the probability of the fire being prevented, the culprit being caught, etc., which are all disincentives that may negate the original misaligned incentive. When we escape from this particular scenario onto others, this pattern remains. If the disincentives didn't prevent said harm, there are only two causes:

- culprit is unreasonable beyond saving: this one is trivial - they are beyond saving. Banning gambling would simply cause them to commit crimes in a different way;

- the mechanisms behind the disincentives are malfunctioning or aren't enough: that warrants an investigation onto said mechanisms, not a ban on prediction markets.

Perhaps this has made it clearer that, at least from my perspective, these "irrelevant details" aren't irrelevant.


> Why wound anyone open a bet on "rando's house will be set on fire"? Why would they bet on "yes"?

Bettor is an impoverished arsonist with no morals and confidence in his anonymity.

Better question: why would a person ask a question with such a breathtakingly obvious answer?


So, you are telling me this "impoverished arsonist" opened a bet on "will this rando's house be burned?", wagered on "yes" (with what money?), other people (who?) bet on "no" and no one found it suspicious? I hope you do realize that making it a public bet exposes information, and the very subject of the bet can be used to prove intentions.

Nevermind the fact about what would happen after the crime, should it even happen. It seems this hypothetical arsonist isn't just immoral, but also incredibly stupid (and that also begs more questions, like how do they have access to prediction markets like this).

For something so "breathtakingly obvious", it seems poorly thought through.


Okay, now I understand why you’re asking questions like this.

Sure, but regardless your perception about my motivations, I'm genuinely curious as to what prompted the "breathtakingly obvious" comment, because I'm ain't seeing it. Preferebably in a less snarky fashion, should we proceed with respect to one another.

Ay, didn't see your nickname, and your other posts.

Thanks for confirming what I said.

> And naysayers (which seem to be dropping from the same basket of NFT/crypto cultists) will tell you that this is about probability and information discovery.

Also, I ain't conservative, prediction markets, in their actual scope provide no benefits and plenty of wrong incentives.

The rest of your post makes no sense.

Plenty of world events have been impacted by people with misaligned interests, including by spies and double agents. Hell, wars in recent years have been started as distractions from internal political affairs.

And you want to argue to me that there's no people in position of power that may want to influence events they can bet on?

There's a reason why we prevent people in sport from betting: it's a matter of incentives. Give people incentives they will bend everything.

The fact that you can bet on a country attacking another is a tragedy.


So all you have is name calling?

Regardless, from HN's guidelines:

> Please don't post shallow dismissals

Edit: since posting this, the comment has been edited (at least the version I saw, which ended before the quote). I will write a full response later. For what's worth, I'm grateful for the longer post.


> Also, I ain't conservative, [...]

Then don't argue like one. Rather than making a shallow statement about "how people forgot about the evils of something" and leaving at that, get into more detail about the history. Mention specific events.

> The rest of your post makes no sense.

Can you specify what doesn't? I'd gladly do my best to clarify.

> And you want to argue to me that there's no people in position of power that may want to influence events they can bet on?

No, I'm asking why are there such people? How did they get into such positions? What can be reasonably done to prevent such people from rising into them? From what I've gathered, your point is that the mere existence of prediction markets create enough incentives for well-behaved people to misbehave. My position is that they were never well-behaved.

> There's a reason why we prevent people in sports from betting: it's a matter of incentives.

Sure, we can leave it at that. If we ignore everything else. The problem with sports betting is that it tends to convert the practice from a compention of ability into another form of gambling. This does more than create incentives, it creates a negative feedback loop that undermines the point of the practice. Neither prediction markets nor gambling are about preserving the sanctity of fair play, though. Also, for what's worth, betting about outcomes in sports seems to be legal in the US, just that athletes and other involved are prohibited from betting in their games. If your proposal is to ban people in power from being able to bet and implementing systems to prevent them from doing so, then I suppose we are in agreement. But do note that this is less about incentives, and more about trust (you can trust more that agents won't abuse their role and, if they do, it'll be harder to get away with it).

This segways into main issue with your post. Incentives are highly subjective. For all intents and purposes, they always exist. They are the product of people having goals and desires. The incentive to murder always exists. The reason people generally don't "bend everything" for it is that few will satisfy their goals with that, and even less have it as their goal. For the few that do, there's another tool: disincentives. I don't think I need to explain why murdering someone might result in a terrible outcome for most. For the even fewer that murder as their sole and primary goal, they will bend everything to accomplish it, regardless of incentives/disincentives. Personally, I don't find it even worth discussing. This, perhaps, made it clearer why simply saying "there are incentives to do evil" doesn't cut it. A deeper, more contextual analysis is needed.

Unless you can show there are only criminal uses, or even that there are no set of disincentives we can employ to dissuade potentially bad actors from doing evil, a blanket ban is not warranted, specially when it comes at the cost of a human right.


> bettors are waging using their own property [...] To prohitbit such a thing is to violate their property rights

This is technically true but doesn't deserve top-billing. Any fraudster or embezzler (or mugger or drunk-driver) will incidentally be risking some of their own property while exercising their right to control it.

> informed decisions about an event by proof-of-stake

A large chunk of the problem here occurs when people (politicians, judges, police, CEOs, etc.) are wagering assets and outcomes that aren't actually theirs, but things they control in (violated) trust. In other words, the personal "stake" of their overt bet is actually far too small.

> The latter is functionally the same as policemen/judges/prosecutors/prisons having an incentive to create more criminals. [...] we increase punishments

So... repercussions like "is is a crime for those people to possess a private account on the anonymous bribery website"?


In regards to first point, I might not have made it clear, but betting, on its own, does not harm others, contrary to mugging or hitting a car. Property rights come with the associated duty of respecting others' properties afterall. Failure to do will result in the duty to repair and pay to restore the "correct" state to best of their abilities.

Onto the second, I don't think the people you mentioned actually wager stuff that they don't own. To be more precise, the problem is that they use criminal means to "rig" the bet in their favor. That, at least, seems to be what OP is talking about with incentives.

Finally, regarding the last, I agree that roles that require trust should have more norms and rules to enforce that trust. In case of strictly private roles, I personally believe they should be done via contracts and cultural pressures. For governmental roles, they should be enforce by laws (such as the one you suggested). Since this is a top-level, abstract, description, we can get into more about more specific cases (such as CEOs).


There is genuine value in a wisdom of the crowds assessment of future events that is only sharpened up by the requirement to put money on the line.

The often-repeated "wisdom of the crowds" justification is misapplied to online betting markets. Like people, crowds can either be wise or unwise depending on the situation. Famous experiments like guessing how many gumballs are in a jar work because each person who can see the jar has a source of valid information, and in aggregate that can be surprisingly accurate.

You can't assume that the majority of individuals participating in betting markets have a source of valid information. Given the destructiveness of these markets to both individuals and society, the aggregate wisdom of the individuals participating in these markets is highly doubtful. Any meager value above more traditional forecasting does not justify the cost, corruption and a loss of trust in institutions.



Please show the dollar/realized benefit to society VS (in response to OPs statement) the results don't "justify the cost, corruption and a loss of trust in institutions" along with a breakdown of the cost/negatives to society that result from those factors.

This isn't big oil (yet) you can't just externalize all the downside and say the product is a net benefit.


Pish tosh, my dear sir, it's simply common-sense that there are oodles of people out there with secrets that would be completely ethical to distribute and would undeniably better all humankind, but they're sitting on them purely because they haven't figured out how to make a profit from it. /s

In other words, the overlap between these is too small to justify the idea that prediction markets are a net-benefit by default:

1. Is valuable

2. Not already known

3. No current reward mechanism exists (e.g. patents)

4. Not criminal or unethical to disclose


Well-evidenced by marketing from those same betting markets, got it.

I'd be interested in learning in what ways it is factually incorrect.

There is definitely value in that, but that value is outweighed - dominated, even - by the incentive produced to fix outcomes, incentivized by that money put on the line.

How dare you impugn the mystical powers of the wisdom of the crowd. Why would anybody fix outcomes?

Wait a minute, you can bet on pro wrestling? OK I'm out of ideas.

https://www.betus.com.pa/sportsbook/entertainment/wwe/


It would be useful to predict things like earthquakes and tornados. Gambling on what politicians and celebrities will do is not science it's degenerate court gossip.

Game theory can be applied to these problem, and if you can correctly model reward, cost and motives, you can predict decisions of politicians more often than not.

> you can predict decisions of politicians more often than not

What makes you believe this? The performance of economist/sociology experts using game theory to make predictions has been worse than a coin-flip up to this point. It also has done enormous damage.


Even granting the idea that game theory can be applied successfully here; that does not really help with one-off events. Consider, knowing the odds of a coin flip does not grant you any real help in knowing what the next coin flip will be.

This is also ignoring that game theory of partisan games breaks if any of the participants knows what the other will do. Is one of the more famous ideas.

To that end, if you want to predict what someone will do, more often than not you are best looking at their experience doing said thing.


I don't think Nash envisioned politicians and their aides being able to profit from making decisions. Do you launch an attack on Eastasia? Well the market right now says there's a 40% chance, so I guess it's a good idea to grab your crypto keys and make some bets before you call the Joint Chiefs.

I think you're right broadly, but when that wisdom is applied to e.g. how many dildos will be thrown at WNBA players, I don't know how much actual value is created.

That… that actually seems like something which society should want to predict with more precision so that we can hire someone with a net on a stick.

It's also a real world event that can be influenced by the existence of the bet.

There's value in that only if assessments made by people using the prediction for something aren't better than crowd wisdom. I would guess that a large part of prediction market participants are simple gamblers whose assessment is worse than the prediction of someone doing it because they need the information for something.

So if people who need predictions for decision-making start relying on prediction markets with a lot of low value gambler predictions and opinion manipulators (wealthy participants can use the platform to mislead people as well) the value of these things might be negative.


Or if decision makers start using the gambling markets to drive their decisions, the value of these things will go extremely negative.

The headline bet in Polymarket right now is on when US troops will invade Iran. If some unscrupulous official can pull some strings to get boots in the ground in the next few days, they stand to win a significant amount of money.


Genuinely asking: has there been a case of the prediction markets being "right" or valuable about something outside of the norm?

That's why the metaverse happened. Lots of money bet on it's success

My understanding of the world is enhanced immensely because suckers can bet on how many times the president will reference the lips of his press secretary in a speech.

Wisdom such as the mass purchase of GameStop shares, temporarily inflating the value of an ultimately doomed company?

Buy a movie ticket and that money is gone. Throw $20 on a parlay for the weekend sportsball and thats actually interesting, something off script might happen. And that money might not actually be gone.

It can be useful for insurance/hedging purposes.

For example if you're a European farmer it might be rational to protect yourself from fertiliser price swings by buying/shorting natural gas futures, derivates or long dated delivery contracts. Polymarket bets on specific geopolitical events are just another option for this, which can be attractive depending on the price.

Prediction markets have a pretty unique benefit in terms of offering political protection. For example if you're a DEI NGO it might have been worth making bets on Trump winning so you have enough funds to ride out measures that target your traditional funding sources from gov/corps/edu.


There are a lot of baked in assumptions here. For instance, as an extreme example, betting on nuclear war or climate collapse happening and then "winning" doesn't really provide you anything of much use in the society you will be living in after such events.

Extreme events are always poorly priced in markets. For example, there's no point in making a trade for the S&P 500 falling by 90% because if it does we'll be in such a catastrophe that money doesn't matter any more.

Insurance / hedging is most useful in protecting you from realistic well defined risks that affect you personally but not the wider system.


>Insurance / hedging is most useful in protecting you from realistic well defined risks that affect you personally but not the wider system.

But a powerful earthquake can't affect the wider system in a country? and yet, people do buy insurances for earthquakes.


Perhaps I should’ve said financial system plus some system that allows you to spend money on things you’d like.

Very astute observation. Might I even add, as humans we never know when our last day could be. So I find it silly to gamble, since I could easily die in a car accident on my way to pick up my winnings.

Thank you for this call out. I was blown away by that number because it would have meant volume was maybe pushing 1T.

It's DT, don't expect honesty from his posts (unless he is bashing unions or workers, he's very honest about that).

Typo. It's obvious it can't be a revenue. Previous paragraph is dealing with the size of online gambling industry, next paragraph is about the same but for prediction market.

Well, the previous paragraph compares how much people bet online with how much people spend on airfare, which also isn't quite right. It assumes 100% of what people bet is lost. For sure, the house always wins, but the amount lost is probably closer to 50-60% of what is quoted.

It's market size. It shows the interest in some activity. Laundry and airfare are for sure necessary & valuable activities, whereas the interest of betting (for a society) is questionable.

The question is what do you do with your money. If you are a pharaon, and pay a good salary to build pyramids, is that good? People get paid, pharaon gets his pyramid. However, as a society, the loss is all the efforts that could have been spent on something much more useful, like hospitals, schools, roads... For the betting industry, no money is lost, it goes to the winner or the house. But how will these people use their money next?


Same as Block booking crypto trades as revenue.

Are the referenced companies referring to their volume as revenue?

~~Haven't yet seen anyone comment on the apparent lack of Apple Intelligence. Makes sense due to the low amount of memory but wonder how many people won't notice that until after they buy this laptop.~~

edit: somehow missed it has Apple Intelligence - whoops


They literally mention in the video that it contains Apple Intelligence.


Not sure how I missed that - was too fixated on tech specs. My bad.


no worries <3


I was about to link the same article and I did not make my account to post this comment.


Sure, but you created your account 14 years ago and have lost of posts. The person to whom I'm replying created their account 0 minutes before posting the comment to which I am replying. Not really apples to apples.


I've never posted anything on hn before and saw this post and it reminded me of a blog I found interesting. So yes, I did make this account to post this comment


We all have to start somewhere, welcome aboard.


Very cool, welcome aboard!


can you explain why it matters?

i am trying (and failing!) to see any reason the account age matters in this particular case. but i could be missing something.

(i did not make this account just to reply to you)


The biggest reason why this is confusing is the Claude Agent SDK[0] will use subscription/oauth credentials if present. The terms update implies that there's some use cases where that's ok and other use cases (commercial?) where using their SDK on a user's device violates terms.

[0] https://platform.claude.com/docs/en/agent-sdk/overview


Had the same question, comment below quotes their docs saying Agent SDK using oAuth token is also not allowed.


It doesn't quote their docs, it quotes the page this post is about.


The SDK is Claude Code in a harnesss, so it works with your credentials the same way CC does.

But they're stating you can only use your subscription for your personal usage, not someone else's for their usage in your product.

I honestly think they're being short sighted not just giving a "3rd party quota" since they already show users like 4 quotas.

If the fear is 3rd party agents screwing up the math, just make it low enough for entry level usage. I suspect 3rd party token usage is bi-modal where some users just need enough to kick tires, but others are min-maxing for how mamy tokens they can burn as if that's its own reward


How can they be clearer that the Agents SDK is not allowed?

> OAuth authentication (used with Free, Pro, and Max plans) is intended exclusively for Claude Code and Claude.ai. Using OAuth tokens obtained through Claude Free, Pro, or Max accounts in any other product, tool, or service — including the Agent SDK — is not permitted and constitutes a violation of the Consumer Terms of Service.


Confidently incorrect, personal usage of Agent SDK is powered by logging into Claude Code: you are not logging into the SDK (or your own application).

What's not allowed is offering OAuth authentication in your own product built with the SDK: https://x.com/trq212/status/2024212380142752025?s=20


I agree, it'd actually be great if they did give maybe $5 or $10 worth of API tokens per month to max subscribers, since they're likely to be the most likely to actually build stuff that uses the Claude APIs.

I built a quick thing to download YouTube videos and transcribe them using with whisper, but it kind of feels clunky to summarize them using the claude CLI, even though that works.


just ran into this myself. I got Claude Code to build a tool that calls Claude for <stuff>. Now I have to create a console account and do the API thing and it sucks balls.


> not someone else's for their usage in your product.

what if the "product" is a setup of documents that concisely describe the product so that a coding agent can reliable produce it correctly. Then the install process becomes "agent, write and host this application for the user's personal use on their computer". Now all software is for personal use only. Companies released these things and, like Frankenstein, there's a strong possibility they will turn on their creators.


That example is in the article, but typeset differently.


The example wasn't in the essay when he wrote the comment :) I just added it thanks to the helpful feedback


Yes, and also 325 million subscribers for all of Google, not just YouTube.


Was there a brouhaha with OpenClaw or was that with OpenCode?


It was with OpenCode, but a LOT of the commentariat is insisting that running OpenClaw through subscription creds instead of API is out of TOS and will get you banhammered.


I think you’re right and it was OpenCode. The semantic collisions are going to becpme more of a problem in the coming Cambrian explosion of software


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