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Prediction Markets Newsletter

Harry Crane

Education, analysis, and news about prediction markets

Platform
Substack
PricingFreemiumPublishesTwice weekly
Issues28Founded4 years agoLast Issue2 months ago
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Latest Issues

Bookmaking (and Dressmaking)

This is the seventh in a series on the fundamentals of prediction markets. The previous article explained how parimutuel pools work.


A bookmaker offers fixed odds bets and serves as counterparty and operator for bets placed with c...

2 months ago
7
1

How Parimutuel Pools Work

This is the sixth in a series on the fundamentals of prediction markets. The previous article mapped the prediction market ecosystem: risk takers, middlemen, and enforcers.


A parimutuel pool aggregates stakes over all outcomes for...

2 months ago
5

The Prediction Market Ecosystem

This is the fifth in a series on the fundamentals of prediction markets.


The prediction market ecosystem is made up of three core constituencies: risk takers, middlemen, and enforcers. In most cases, it is sufficient to think of ri...

2 months ago
6

Prediction Markets: Real Financial Assets or just Sports Betting?

Are event contracts financial assets, or are they just sports bets with a different name?

Prediction market companies claim the former. Kalshi CEO Tarek Mansour has said “If we are gambling, then I think you’re basically calling the entire...

2 months ago
13

Stake, Payout, and the Language of Odds

This is the third in a series on the fundamentals of prediction markets. The previous article examined the anatomy of a bet and the challenge of scaling the basic concept of a bet from a simple handshake to a global industry.


The...

2 months ago
3

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  • Harry Crane

    probability, complexity, gambling, common sense. co-founder http://researchers.one http://analytics.bet statistics professor

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