How $5 Bets at the University of Iowa Beat Every Major Poll in 1988
In 1988, three economics professors set up a market with $5 stakes. It outperformed Gallup, the New York Times, and CNN. The story of how prediction markets actually started.
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In 1988, three economics professors set up a market with $5 stakes. It outperformed Gallup, the New York Times, and CNN. The story of how prediction markets actually started.
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BTC ended 2023 at $42,265. By December 2024, it touched $108,000. Polymarket priced this 8 months before Goldman, JPM, or Bernstein moved their targets.
Twelve major banks predicted gold's 2024 close. Every single one was wrong. The crowd's prediction market beat them by 18%. Here's why.