Economists have long pushed for prediction markets. The reality is not what they’d hoped for

Economists have long pushed for prediction markets. The reality is not what they’d hoped for — Live Feedhttps://www.live-feeds.com/feed/economists-have-long-pushed-for-prediction-markets-the-reality-is-not-what-they-d-hoped-forContinuously updated, source-cited coverage. Economists' Early Advocacy for Prediction Marketshttps://www.live-feeds.com/feed/economists-have-long-pushed-for-prediction-markets-the-reality-is-not-what-they-d-hoped-forhttps://www.live-feeds.com/feed/economists-have-long-pushed-for-prediction-markets-the-reality-is-not-what-they-d-hoped-for#u22255Fri, 03 Jul 2026 03:51:58 +0000A small group of academics began exploring unconventional forecasting methods decades before current platforms existed. This early push for prediction markets preceded the birth of the founders of Kalshi and Polymarket.What's confirmed:Economists began exploring prediction markets decades before Kalshi and Polymarket emerged.A small group of economists promoted this approach before the founders of Kalshi and Polymarket were born. Prediction Markets Shift Toward Sports Betting and Regulatory Riskhttps://www.live-feeds.com/feed/economists-have-long-pushed-for-prediction-markets-the-reality-is-not-what-they-d-hoped-forhttps://www.live-feeds.com/feed/economists-have-long-pushed-for-prediction-markets-the-reality-is-not-what-they-d-hoped-for#u16024Sat, 27 Jun 2026 16:27:05 +0000Economists promoted prediction markets starting in the late 1980s to improve forecasting. Platforms like Kalshi and Polymarket have grown, but critics now view them as online casinos. Regulatory oversight has not kept pace with their growth.What's confirmed:Economists began advocating for prediction markets in the late 1980s to improve human forecasting.Kalshi and Polymarket have grown into large businesses.Still unconfirmed:Insider trading runs rampant on platforms like Polymarket and Kalshi. Economists' Prediction Market Goals Fail to Meet Expectationshttps://www.live-feeds.com/feed/economists-have-long-pushed-for-prediction-markets-the-reality-is-not-what-they-d-hoped-forhttps://www.live-feeds.com/feed/economists-have-long-pushed-for-prediction-markets-the-reality-is-not-what-they-d-hoped-for#u10696Wed, 24 Jun 2026 03:01:34 +0000Economists began pushing for prediction markets in the late 1980s to improve human forecasting. While platforms like Kalshi and Polymarket have grown into big businesses, the results have not met original hopes. Some forecasters now fear sports markets may jeopardize the industry.What's confirmed:Economists began advocating for prediction markets in the late 1980s as a way to address poor human forecasting.Kalshi and Polymarket are currently operating prediction market platforms.Forecasting has become a big business.Still unconfirmed:Public health advocates are calling for action regarding gam