Online bettors mint money on Elon Musk’s misses
Professor Koleman Strumpf was featured in NBC News discussing how online betting markets respond to the constant stream of news surrounding Elon Musk. Full article.
GDP forecasts, penny shortages, and Super Bowl prediction market betting
Wake Forest economists break down three timely topics: new research shows partisan bias can skew 2026 GDP forecasts, the U.S. is dealing with a real penny shortage as cash transactions get rounded, and prediction markets are shaking up how people bet on the Super Bowl […]
Dr. Leung Interviewed by The New York Times on Hong Kong Apartment Fire and Accountability
Dr. Leung was interviewed by The New York Times for its coverage of a deadly apartment fire in Hong Kong, offering expert insight on building safety, regulatory oversight, and broader governance challenges raised by the tragedy. Full Article
A $400,000 payout after Maduro’s capture is putting prediction markets in the spotlight
WFU Economics Professor, Koleman Strumpf, spoke with Associated Press about prediction markets in the spotlight. Read full article
Walk with Wente
In a recent walk-and-talk with President Wente, Professor Curtis shared how his experience working with a nonprofit providing microcredit in Peru shaped his career and his passion for tackling real-world challenges, from environmental policy to economic growth.At the heart of his work is his commitment […]
The US will stop making pennies next year. Cash-only businesses are already affected
The U.S. Mint will stop producing pennies next year — and Wake Forest University Economics Professor Robert Whaples weighed in on NPR, explaining why the coin’s time has passed. Whaples notes that it costs more to make a penny than its actual value, and removing […]
Charlotte, Raleigh both want a major league baseball franchise, but who’s ready for the big leagues?
In this recent feature Professor Todd Mcfall looks at the prospects of Major League Baseball expansion in North Carolina. Read
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 […]
Are professional economists truly objective when forecasting GDP?
In a new article, Professor Aeimit Lakdawala, WFU Economics Professor, dives into how subtle biases—like political leanings or institutional ties—can influence even the most expert economic forecasts.His research challenges the idea of purely objective forecasting and asks: Can we ever fully remove bias from economic […]
Bettors Lose Millions Predicting the New Pope as Polymarket Edge Fizzles Out
“Polymarket prices seem to be wrapping up the views of smart money pretty well,” Koleman Stumpf, an economics professor at Wake Forest University in North Carolina, told CoinDesk at the time, noting that Polymarket bettors appeared to have a slight edge in predicting the election outcome.