Everyone is losing on ‘sucker-bet’ laden prediction markets except a few seasoned pros
Read our Privacy notice Online prediction markets have surged in popularity in recent years, but a report warns many casual users looking to make a quick buck are falling for a new generation of ‘sucker bets’. Both firms allow people to bet on the outcome of any number of real-world events, from unemployment figures to a movie’s box office revenue. Critics of the prediction markets have also raised the spectre of insider trading, with claims insiders are even using the US war with Iran to turn...
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