“It's not millions of dollars necessary. It's probably tens of thousands of dollars, at which point... you get a pretty good ballpark for what the fair value is”
Money Stuff: The Podcast · Jeremy Maletz
Play from 54:55
54:55
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What was described
Used a capital amount of tens of thousands of dollars to obtain a reliable fair-value price signal in a prediction market
tens of thousands of dollars
Said nearby on the same subject
“Hanson wrote up the academic case for prediction markets generally, invented policy prediction markets, pointed out prediction markets' potential uses in science and governance and corporate governance and pushed for early prediction markets to get started.”