NYTIMES  |  Opinion

The Dangerous Power of Prediction Markets

预测市场的危险力量

The Dangerous Power of Prediction Markets
2026-01-23  1236  晦涩
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The uncomfortable truth is that prediction machines have become infrastructure for the legitimacy of event outcomes, no matter how outlandish: When markets process political events before democratic institutions like Congress can deliberate, market outcomes are treated as validation and permission for political actions. If traders have already bet and been paid, the action must be legitimate.

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