BitBet, Fairlay, BetMoose: Meet Bitcoin’s Prediction Markets Prediction markets—that is, a group of people who place bets on whether a certain statement will prove to be true in the future—have frequently proven more accurate than standard polls. Why? Because the participants have something to lose. Or gain. And the fancy name for a bet? – “Futures contract.”
Take, for example, a prediction market created at George Mason University, which ranked an impressive 0.2 on its […]