The Debate About Prediction Markets Dates Back 500 Years

500 years of prediction markets history in one minute. It starts in Italy in the 1500s betting on who's going to be the pope. Did Cardinals insider trade.Yes. It got banned in 1590. In the 1800s, there's betting on presidential elections of the United States.And then in 2001, the Pentagon decides to have a market on betting on terrorism. >> Work. >> Now we come to modern day where betting markets have become a huge business.More than a hundred billion dollars a year. Poly market cali leading the charge. You ...