Special Edition: Prediction Markets – Promise & Pitfalls

People are now betting on everything from elections to the weather through so-called prediction markets. So, are they a powerful new way to understand what's coming next, or another form of gambling with serious risks? Fortune's Jeff John Roberts explains how these platforms work, why some news organizations are partnering with them, and what makes them different from traditional betting. Plus, the potential upsides, the risks, and why lawmakers and the courts are starting to take notice.

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