The growth of gambling and prediction markets: Economic and financial implications

David Paton, Donald S. Siegel, Leighton Vaughan Williams

Research output: Contribution to journalArticle

12 Scopus citations

Abstract

In recent years, there has been a substantial global increase in gambling and prediction markets, including casinos, sports betting, lotteries, elections and wagering on financial instruments. This trend has heightened interest in numerous economic and financial issues related to this sector. These include questions relating to the efficiency of these markets, heterogeneity in risk attitudes among economic agents, and the use of prediction markets in policy analysis. The papers in this special issue provide a mix of theoretical and empirical evidence on these issues.

Original languageEnglish (US)
Pages (from-to)219-224
Number of pages6
JournalEconomica
Volume76
Issue number302
DOIs
StatePublished - 2009

ASJC Scopus subject areas

  • Economics and Econometrics

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