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Prediction Markets and Beyond

a16z Podcast

CHAPTER

Innovations in Prediction Markets and Governance

This chapter explores the emerging concepts in prediction markets and their role in refining market contracts for better signal extraction. The speakers discuss the innovative structure of dual prediction markets, futarchy as a governance model, and the predictive power of markets through real-world examples like orange juice futures and the Challenger disaster. Additionally, the chapter examines the integration of cryptocurrency into prediction markets, focusing on transparency, trust issues, and the significance of oracles in the blockchain ecosystem.

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