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How Prediction Markets Work

THE LONDON REVIEW OF BOOKS
About this episode
According to their boosters, prediction markets such as Polymarket or Kalshi are ‘global truth machines’; their detractors say they’re just a glorified form of gambling. Either way, they’re zero-sum games with, as Geoff Mann put it recently in the LRB, ‘few winners and many losers’. On this episode, he joins Thomas Jones to discuss how prediction markets wor ... Show More
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