The Wikipedia entry on prediction markets does not seem to be well maintained.
Here are the warnings that welcome visitors. The first of the 2 warnings has been up since November 2007 —-that’-s 7 months ago!!!!!!
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And the definition opens on the big myth, create by IEM, and perpetuated by some scholars:
Prediction markets are speculative markets created for the purpose of making predictions.
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It’-s a big myth.
The TradeSports and BetFair prediction markets were primarily created to satisfy the traders —-their predictions come as an interesting offspring.
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