The Original Prediction Market Was Betting on the Pope
Odd Lots
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Betting and the Papacy: A Historical Overview
This chapter examines the connections between financial media, betting, and the spread of information from ancient Rome to modern times, particularly in the context of papal elections. It discusses how influential figures manipulated wagering to sway outcomes and the subsequent cultural ramifications, including the Catholic Church's attempts to ban gambling on such events. The chapter also traces the evolution of betting practices related to the papacy, exploring their resurgence in the late 20th century and the search for mystical insights through gambling.
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