The uses and abuses of prediction markets
Insider bets, low liquidity and regulatory gaps complicate efforts to turn wagers into financial tools
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Prediction markets are the latest example of a disruptive new industry smacking into problems incumbents have long understood
Betting on prediction markets has exploded over past two years
Value of bets soars from $100mn to $13bn a month
Prediction markets and the casino mentality of 2025
Financial gamification has upended traditional patterns of trust and oversight
Wall Street groups hire traders to wade into prediction markets
Big financial companies expand beyond traditional securities to arbitrage event contracts in sport and politics
The failures of prediction markets are predictable
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