Prediction Markets Called Trump but Missed Lula

Prediction Markets Called Trump but Missed Lula

In 2024, prediction markets backed Donald Trump while the polls called a toss-up, and they were right. In Brazil, the same confidence has now backfired: hours before the October 25 runoff, Polymarket gave Senator Flávio Bolsonaro roughly 80% odds of unseating...
Can Policymakers Trust Forecasters?

Can Policymakers Trust Forecasters?

Who predicts the future best: seasoned domain experts, statistical models, or amateur forecasters? A research review by consultancy Arb finds that none of the three wins outright, but the rankings may still surprise you. Top “superforecasters”  hold a...