Prediction Markets = Betting Markets = Event Derivative Markets
They don’-t agree, but I don’-t care. I am right, and they are wrong. 
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Prediction Markets = Betting Markets = Event Derivative Markets
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Daily Archives: June 12, 2009
The Accuracy Of Prediction Markets
– A Lesson in Prediction Markets from the Game of Craps –- by Paul Hewitt
– Why Public Prediction Markets Fail –- by Paul Hewitt
Both articles are required reading for Jed Christiansen and Panos Ipeirotis (alias “-Prof Panos”-).