Why Koho won’t bet on prediction markets | BetaKit

Excerpts: > Canada’s newest FinTech unicorn is poised to become its newest bank. CEO Daniel Eberhard explains what comes next. > The company is nearing the end of its 5-year journey to secure a Schedule 1 banking licence, which CEO Daniel Eberhard claims will help Koho offer more competitive lending and savings rates to everyday Canadians. > “I think that we will look back on prediction markets the same way we look back on altcoins and … NFTs.” > To Eberhard, prediction markets are techwashing what amounts to gambling, which could lead to a bunch of negative downstream social effects.