Study Reveals Prediction Markets' Accuracy Driven by Informed Traders, Not the Crowd
A recent study has shed light on the mechanics of prediction markets, suggesting that the accuracy of these markets stems from a select group of informed traders, rather than the collective knowledge of the crowd. The study, conducted by researchers from the London Business School and Yale, analyzed over 1.7 million accounts and $13.7 billion in trading volume on Polymarket, revealing that a mere…
April 26, 2026, 1:47 p.m.