They assert that how people bet, whether on the benign (who will be the next James Bond?) or the consequential (will Israel and Hamas reach a cease-fire before the end of the year?), can help forecast the future. Because there’s money involved, the thinking goes, these prediction markets leverage the collective wisdom of what people actually think will occur, not what they hope will.

DJT stock ticker would like a word.

jk We all know the DJT stock is overvalued because of money laundering and selling access rather than “collective wisdom”.

Plus the bank owns any house with a mortgage. It’s not your house until it’s paid off. Can’t be a millionaire with $400,000 in assets and $375,000 in debt.

They say he was going off script for that part. But of course they would say that.