Mike Halsall on Prediction Markets, Crowd Wisdom, and Forecasting
Will Britain exit the EU this year? Who will win the US presidential election? These and other such questions are being forecasted right now by a new crowd-based prediction market called Almanis. It’s executive chairman, Mike Halsall, explains the history of “crowd wisdom,” when the crowd is wise vs. dumb, and how they are leveraging the crowd in unique ways to forecast future outcomes.