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Prediction Markets and Beyond

a16z Podcast

CHAPTER

Navigating the Complexities of Prediction Markets

This chapter examines the intricacies of prediction markets, using the oil market as a central reference point to discuss distortions and the role of diverse participants. It highlights the challenges of establishing these markets, the significance of information sharing, and how they can serve as effective forecasting tools. Through various examples, including political predictions and corporate applications, the chapter illustrates the potential and limitations of prediction markets in aggregating knowledge and informing decisions.

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