Prediction Market Accuracy: Crowd Wisdom or Informed Minority?

AAnon84 about 7 hours ago 1 commentsRead Article on papers.ssrn.com

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Discussion (1 Comments)Read Original on HackerNews

avaer•42 minutes 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).