Prediction Markets: Tales from the Election
&quot;Prediction markets&quot; is a fancy word for gambling. It is a highly regulated activity almost everywhere, mainly has it can have terrible consequences at the individual levels and major side-effects such as corrupt games in sports. Let&#x27;s not even talk about politics where it is generally forbidden for obvious reasons.<p>The conclusion is disheartening &quot;It shows a lot about how market efficiency actually works in practice, what are the limits of it and what could be done to improve it.&quot; Yes at a small scale, but at the current rate of adoption of crypto it will not go well if it is still treated as a playground.