Prediction Markets

In a recent Bloomberg Opinion feature on the rise of prediction markets and Intercontinental Exchange’s $2 billion investment in Polymarket, Wake Forest economist Dr. Koleman Strumpf, a leading scholar in prediction market research, weighed in on the limits of their current scale. Strumpf noted that while prediction markets offer valuable insight into public expectations, they are still too small to serve as a meaningful hedge for major investors — “If the markets were to get 10 times bigger between now and election day in 2028, maybe it could be a little more useful,” he said. His expertise highlights Wake Forest’s presence in national conversations at the intersection of economics, technology, and financial innovation. https://www.bloomberg.com/opinion/newsletters/2025-10-08/trump-coal-dig-baby-dig-won-t-solve-ai-s-power-shortage