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Two Upcoming Events About Prediction Markets’ Legal Status

There are two upcoming events related to the PredictIt (April 18th) and Kalshi (May 30th) lawsuits against the CFTC: (1) Clarke v. CFTC webinar The Federalist Society is hosting a webinar featuring the attorney representing the plaintiffs in the PredictIt lawsuit, as well as Aristotle’s General Counsel. Discussing Clarke v. CFTC: The Case of PredictIt […]

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Manifold traders increase accuracy over time

When we looked at The Economist and FiveThirtyEight models’ respective error over time, there wasn’t a steady downward trend toward Election Day 2020.  The models both fluctuated (within a very limited range) but the Economist’s lowest Brier score was on October 3rd, and it performed better than FiveThirtyEight until the final week of the campaign.

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The 514 trades that won ZubbyBadger $25K

Jonathan Zubkoff – aka ZubbyBadger – is a top prediction market trader.  A professional trader in events markets, he’s made over six figures on PredictIt, serves as Community Manager for Kalshi, and earlier this year won the CSPI/Salem Forecasting Tournament with $25,000 in prize money.  The second-place finisher of that tournament, Robert Grosse, wrote a

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LK-99: The Dream Will Never Die

Continuing the last article’s theme of ‘too good to be true,’ we now turn our attention to LK-99. LK-99 is a compound that researchers in South Korea claimed could serve as a room-temperature ambient-pressure superconductor. Superconductors are materials that, when cooled to a “critical temperature,” conduct electricity without energy loss.  The most common use of

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What exactly happened when Francis Galton went to the livestock show?

Nearly every lecture, article, book, discussion, and PowerPoint presentation about the “Wisdom of Crowds” contains the story of Sir Francis Galton and the weight-judging contest at a country fair, if not mentioning it at the very beginning.  There are two problems with the account of ‘Galton at the country fair.’ First, the story rings false

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