Prediction Markets, Explained — by the Accidental Creator of a Gambling Movement | PTFO
He is the accidental creator of prediction markets. So how does James Surowiecki feel about Kalshi, Polymarket and the wisdom of crowds, now that even the market for a missile launch can be manipulated? On the eve of the Super Bowl, he re-traces the rise of the casino in your pocket, debunks the cult of the CEO… and forecasts the disturbing possibilities when insider trading maneuvers all the way to the White House (or at least The Dark Lord of the Pentagon).
• Read "The Wisdom of Crowds": https://www.penguinrandomhouse.com/books/175380/the-wisdom-of-crowds-by-james-surowiecki/
• Previously on PTFO: "NBA’s Top Gambler Has a Solution — and a Warning" https://www.youtube.com/watch?v=o4RrHWCQh08
