Commentary: The odds racket in prediction markets
Israel
Intelligence agencies should be wary of fortune-tellers with a probability sign out front, says this analyst. NEW DELHI: A multi-billion-dollar industry is thriving around a contemporary obsession with scientistic soothsaying. Prediction pays. Want odds on the prospect for Donald Trump to take military action against Cuba ? Or the chances for success in the latest round of talks on Iran ? No problem. The idea behind such markets is simple. Electronic platforms open markets on all manner of
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