How Prediction Markets Made The World A Casino
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When we first started talking about prediction markets in the early days of the FiveThirtyEight Politics podcast, back in 2016, they were something of a novelty and a joke.
My then-colleague Clare Malone once quipped, “Who’s even putting money on these markets … Scottish teenagers?” From then on, we referred to online bettors as Scottish teens.
Back then, the…
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