What is the definition of Prediction market? | Dictionary.net

PREDICTION MARKET

\pɹɪdˈɪkʃən mˈɑːkɪt], \pɹɪdˈɪkʃən mˈɑːkɪt], \p_ɹ_ɪ_d_ˈɪ_k_ʃ_ə_n m_ˈɑː_k_ɪ_t]\

Definitions of PREDICTION MARKET

1910 - Black's Law Dictionary (2nd edition)

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An economical market based around an activity, or likelihood. For instance, presidential elections. The public will purchase or sell as per the likelihood of the event.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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