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The Importance of Prediction Markets
i suppose we are doing pretty well for a bunch of chimps. i don't think the world's mad at all this is exactly what you'd expect from chimpanzees wearing suits and ties building civilization. I've noticed that these kind of prediction markets when it comes to politics seem to be performing surprisingly badly. The odds in political betting markets have been wrong but they're not completely disconnected from reality, says John Defterios.