Are prediction markets accurate? #Vergecast

prediction markets as sort of sources of data and prediction. Do you buy this theory. Like is there is there something to these platforms ability to actually accurately predict things.I don't think the test should be are they accurate about predicting things. I think the test really should be does that price on a given contract accurately reflect conventional wisdom. Now if you and and in a sense a prediction market is a replacement for your typical cable TV news pundit and the pundit is talking about you k ...