{"id":71553,"date":"2025-08-10T04:22:22","date_gmt":"2025-08-10T04:22:22","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/71553\/"},"modified":"2025-08-10T04:22:22","modified_gmt":"2025-08-10T04:22:22","slug":"the-dream-scenario-for-prediction-markets","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/71553\/","title":{"rendered":"The dream scenario for prediction markets"},"content":{"rendered":"<p data-component=\"paragraph\" class=\"css-1l5amll e1y9q0ei0\">If you could invent something to fulfil an economist\u2019s dream, it would look an awful lot like a prediction market. A world where every uncertain future can be priced, hedged and insured against? Kenneth Arrow and G\u00e9rard Debreu would approve. A market mechanism to co-ordinate the decentralised wisdom of crowds, ensuring the accuracy of such prices? Adam Smith and Friedrich Hayek sought just that.<\/p>\n","protected":false},"excerpt":{"rendered":"If you could invent something to fulfil an economist\u2019s dream, it would look an awful lot like a&hellip;\n","protected":false},"author":2,"featured_media":71554,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[28,26964,1725,21674,112,1767,923],"class_list":["post-71553","post","type-post","status-publish","format-standard","has-post-thumbnail","category-markets","tag-business","tag-buttonwood","tag-columns","tag-finance-economics","tag-markets","tag-opinion","tag-stocks"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/71553","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=71553"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/71553\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/71554"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=71553"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=71553"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=71553"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}