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No, it wouldn't. The "purpose" of a prediction market is to let people buy and sell shares in a certain outcome, not to provide information. That's just a nice
by javert 14y ago
No, it wouldn't. The "purpose" of a prediction market is to let people buy and sell shares in a certain outcome, not to provide information.
That's just a nice side effect of a sufficiently liquid market.
- CamperBob2 14y agoTrue, I really should have said it would distort Intrade's utility as a prediction market.
- javert 14y agoIt doesn't distort its utility for the people who are hedging (on the one side) or speculating (on the other), and those are the actual clients of the prediction market. But it does make it less useful for third party observers :)