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Prediction Market Accuracy: Crowd Wisdom or Informed Minority? (papers.ssrn.com)

19 points|by Anon84|3d ago|1 comment|Read full story on papers.ssrn.com

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1. avaer|3d ago|context

TLDR (of the paper): prediction markets are basically a scam with extra steps. If you're not in on the scam (top 3%), you're the sucker (the liquidity).