Can Gnosis make money from Prediction Markets? — Market Mad House

The team behind Gnosis (GNO) bets they can make money from prediction markets.

A prediction market is a pool where people bet on the outcome of events. The theory behind prediction markets is that betters are more honest.

A person who despises President Donald J. Trump (R-Trump) could refuse to admit she thinks Trump will win reelection next year, for instance. However, that person could bet on Trump’s reelection because she thinks she will make money from that event.