Prediction Markets + Market Predictions = Collective Forecasting That Pays Off
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UPDATE:
Emile Servan-Schreiber:
A slight correction to your post is needed: France initially wanted to allow only parimutuel betting, but now also plans to accept bookmakers as well, since most off-shore barbarians are bookmakers. However, the current project specifically excludes betting exchanges, of which prediction markets are a subgroup, on the dubious grounds that they enable more fraud for lack of central operator.
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