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by echelon
85 days ago
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A "market" is hypothesized to be "efficient" at price discovery. An efficient "prediction market" would more quickly resolve to its expected outcome due to not only skin-in-the-game bets by experts, but also the influence of insiders. Furthermore, bets are likely to shape outcomes. Betting someone will be assassinated (not allowed on Polymarket) would likely increase the probability of that outcome had there been no bet at all. |
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