You Can Bet on the Vaccine, Literally

This WSJ  article tells a compelling story about how prediction markets offer important tools for managing risk.  For example, consider the following quote from this article:

…investors can bet on a contract “Will 100 million people have received a dose of an approved COVID-19 vaccine in the US by April 1, 2021?” (At this writing, the betting suggests a likelihood slightly above 1 in 3.)

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