Prediction markets: can betting be good for the world?

Prediction markets enable you to bet on the outcomes of real-world events by buying shares for those outcomes. Share prices can be interpreted as the probability that the underlying event will happen, therefore they provide an aggregate measure of what the market’s participants believe. Prediction markets have been found to provide very accurate probabilities, and there have been interesting proposals to use them for improving institutional decision-making. In this video, we’ll explore all of this and more. Examples of prediction platforms are: Augur and Polymarket (on the Ethereum blockchain), predictIt, the FTX crypto exchange, and Metaculus.