Prediction markets are making a 150-year comeback
Prediction market sites allow users to put money on everything from the war in Iran to the winner of the Super Bowl. But where did these markets come from? And what can that history tell us about where they might be going? Today on the show, how betting on popes and presidents long ago planted a seed for a “terrorism market” in the early 2000s, and how those early prediction markets shaped the industry that has taken hold today. Guests: Koleman Strumpf , economics professor at Wake Forest Univer
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Prediction markets are making a 150-year comeback
Welcome to the program. I'm your host.
Welcome to the program. I'm your host.
0:00Today we look at the major stories shaping the news cycle.
Today we look at the major stories shaping the news cycle.
0:04We start in Europe, where leaders met in Brussels.
We start in Europe, where leaders met in Brussels.
0:09The summit focused on energy policy and migration.
The summit focused on energy policy and migration.
0:14Reporting from the ground, our correspondent has more.
Reporting from the ground, our correspondent has more.
0:19Thank you. The mood here was tense but constructive.
Thank you. The mood here was tense but constructive.
0:24