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Whether Prediction Markets Beat Polls Is The Wrong Question

Whether Prediction Markets Beat Polls Is The Wrong Question

Prediction markets can be useful forecasting tools, but they won’t replace political polls. Although political polls failed to fully capture Donald Trump’s chances of winning the 2016 presidential elections, they are still startlingly accurate. G. Elliot Morris points out early in his book Strength in Numbers that “these days, national polls miss the winning party’s […]
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Illegal Sports Betting Worth Up To $1.7 Trillion Annual, Says UN report

Illegal and offshore sports betting continues to thrive even with the legal version in some stage of implementation in 30 American jurisdictions, according to a report just released by the United Nations Office on Drugs and Crime. The handle: Between $340 billion and $1.7 trillion, according to the report. By contrast, legal markets accounted for […]
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