Council on Foreign Relations 54d ago

“The question for me isn't whether prediction markets can work and have value. I think they clearly can. I think the question is, when are they revealing collective intelligence—the wisdom of crowds—and when are they just giving us a very precise-looking price to what's really not a very good signal?” asks Rebecca Patterson, as part of a discussion about prediction markets and a recent Kalshi bet on a Justin Bieber song. Watch or listen to the latest episode of The Spillover: https://www.youtube.com/watch?v=QJhqwhy99o8 Subscribe to our channel: https://goo.gl/WCYsH7 This work represents the views and opinions solely of the author. The Council on Foreign Relations is an independent, nonpartisan membership organization, think tank, and publisher, and takes no institutional positions on matters of policy. Visit the CFR website: http://www.cfr.org Follow CFR on X: http://www.twitter.com/cfr_org Follow CFR on Facebook: https://www.facebook.com/councilonforeignrelations/