Prediction markets: The intersection of forecasting and investing
Binary bets on events.© fotoduets/stock.adobe.com; Photo illustration Encyclopædia Britannica, IncPrediction markets exist at the intersection of crowd wisdom, financial innovation, and speculative trading. They are increasingly capturing the attention of individual investors and traders worldwide. At their core, these platforms allow participants to buy and sell contracts based on the outcomes of future events, including elections, corporate earnings, sports...