Prediction markets are redefining how society assesses uncertainty. In recent years, these markets have often proved uncannily accurate, and challenged more traditional metrics for assessing public sentiment such as polls. On Wednesday, Polymarket, one of the sector’s largest players, announced the Polymarket Institute, a new body dedicated to studying the ways in which prediction markets can forecast and discover information.
“We really want to establish this institute as a partnership between industry and academia to give people a lot of time to think about what the implications of this technology [are],” said Kai Brusch, Polymarket’s head of data.
