Prediction exchanges let traders buy and sell contracts on the likelihood of future events. Contracts are structured so the prices can be read as a percent likelihood of an event occurring.
Chris F. Masse March 14th, 2008
I have noticed in the past that Reuters was the only reporting organization, besides Midas Oracle, to use the term, “prediction exchanges“. I like that. I think Reuters are great.
Psstt… “on the likelihood of the outcome of a partially uncertain future event” (as would say Justin Wolfers, if my memory is accurate), would have been better…
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More Info: Financial Times + Asia Times
- Exchanges & Markets , Explainers
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