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What This Essay Explores
Prediction markets are often presented as tools for forecasting elections, economic indicators, or technological developments. Their deeper significance, however, lies in how they transform uncertainty into a tradable asset.
This book examines the structural implications of prediction markets when integrated into financial systems. Rather than simply improving forecasts, these mechanisms reshape information flows, influence capital allocation, and create new feedback loops between expectation and economic decision making.
By analyzing the architecture of prediction markets and their interaction with modern financial systems, this book explores how markets may increasingly price not only outcomes, but the probabilities of the future itself.
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