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In practice, these markets are often used to estimate the likelihood of elections, product launches, policy decisions, and even sports outcomes, because participants have financial incentives to reveal what they believe is most probable. Their

In practice, these markets are often used to aggregate dispersed information faster than traditional surveys or expert panels. Because participants can trade on outcomes as new evidence appears, prices may shift quickly after earnings reports,

In practice, these markets are often used to estimate the likelihood of future events such as elections, product launches, policy decisions, or sports outcomes, because prices can update continuously as new information appears. That makes