Would You Bet on the Future? Exploring Prediction Markets

Prediction apps and event contract markets allow people to trade on the likelihood of future events, with contract prices reflecting the market’s collective estimate of an outcome. But what does it mean to put a price on an uncertain event? Can these markets improve forecasting and decision-making, or do they simply turn uncertainty into another form of speculation or gambling? What are their legitimate uses, and where should ethical or practical limits be placed?

Please join us for this discussion.