The Wikipedia entry on prediction markets looks like a messy Marrakesh bazaar. — Shame on all members of the field of prediction markets –including the author of this present, finger-wagging post.

The Wikipedia entry on prediction markets does not seem to be well maintained.

Here are the warnings that welcome visitors. The first of the 2 warnings has been up since November 2007 —that’s 7 months ago!!!!!!

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And the definition opens on the big myth, create by IEM, and perpetuated by some scholars:

Prediction markets are speculative markets created for the purpose of making predictions.

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It’s a big myth.

The TradeSports and BetFair prediction markets were primarily created to satisfy the traders —their predictions come as an interesting offspring.

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