Prediction Market Accuracy: Crowd Wisdom or Informed Minority?

15 pointsposted 13 hours ago
by Anon84
(papers.ssrn.com)

3 Comments

avaer

6 hours ago

TLDR (of the paper): prediction markets are basically a scam with extra steps. If you're not in on the scam (top 3%), you're the sucker (the liquidity).