Commentary: Political prediction markets are an antidote to degraded public discourse
by Harry Crane and Koleman Strumpf, Chicago Tribune
Sep 08, 2022
3 minutes
Recently, the Commodity Futures Trading Commission, or CFTC, withdrew its no-action letter from Victoria University of Wellington, which since 2014 has been allowed to operate the political prediction market PredictIt.
The original no-action letter allowed Victoria to operate limited-scope markets for political events for research purposes. Since its inception in 2014, data from PredictIt has been made freely available to researchers in a wide range of disciplines, including economics, statistics and political science. Research coming out of these markets has led to a deeper
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