Prediction markets are exploding beyond elections into sports, geopolitics, and major cultural events. But as these markets grow, so does the challenge of detecting insider trading and manipulation.
Daniel Taylor, Wharton finance professor and director of the Forensic Analytics Lab, explains how prediction markets have evolved and why their different types of contracts require different approaches to surveillance. The conversation explores sports betting, geopolitical markets, insider information, market manipulation, and the role regulators should play in making prediction markets work over the long term.
