The Original Prediction Market Was Betting on the Pope
Odd Lots
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Papal Predictions: Betting in Renaissance Rome
This chapter examines the fascinating realm of prediction markets, specifically focusing on the historical betting surrounding papal elections in the 1500s. It explores the social dynamics of betting among various classes, the influence of insider information, and the complex relationship between politics and gambling. The discussion also highlights the philosophical implications of these betting practices in light of religious and legal bans.
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