I recently sat down with Andew Gouldson from the UCD Economics Society to discuss prediction markets, sports betting and some of the research I’ve been doing in this area.
We covered topics including
– How prediction markets such as Kalshi work
– How betting exchanges are essentially the same as prediction markets
– Whether prediction markets can help forecast economic and political events
– The strange non-enforcement of US tax laws on betting winnings
– The favourite–longshot bias in betting and prediction markets
– Why bookmakers\sportsbooks don’t price odds the way people think they do
The full interview is available here
Thanks to Andrew for the invitation.