What are prediction markets? How can we use them for education or analysis?
I’ve been running a futures market game for education and technology since 2008. It’s been a learning experience, valuable research tool, and networking/ crowdsourcing platform. It’s been playful and chaotic.
When I show this to different colleges and universities, an interestingly diverse crowd gets excited. That swarm includes sports fans, business-minded folk, and gamers.
We can use this one as an example, and also point to others, like the classic Iowa Electronic Markets. We can also explore the history and uses of prediction markets, from the Pentagon’s ill-fated attempt to Google’s quiet one.