The hype is over. The party is over. – Part IV

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Caveat Bettor does not feature one single post on prediction markets on his blog frontpage.

4 thoughts on “The hype is over. The party is over. – Part IV

  1. Caveat Bettor said:

    Good point. As prediction markets fade in liquidity, they fade in cultural relevance, as well as the ability to inform policy. I’m still interested in that; unfortunately, my Congress is not.

  2. Chris F. Masse said:

    Good point.

    Cass Sunstein (a friend of the prediction markets) has a job in the White House, though, overseeing all the legislative process.

  3. Jason Ruspini said:

    Dr Sunstein, who oversees policy, has also written on market failure. I don’t see him sticking his neck out for new markets in this climate.

    Also since everyone is picking on CNBC this week, it should be noted that they have been a friend to prediction markets.

  4. Chris F. Masse said:

    “I don’t see him sticking his neck out for new markets in this climate.”

    He can have an influence in a subtitle way —drawing general guidelines.

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