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PM1 Prediction Markets

Prediction Markets - 'The End of the Regulatory State'. A new research paper by Thomas Aubrey and Frank Vibert argues that prediction or information markets can provide regulators with the instruments to calculate future risk, rather than introducing regulation retrospectively when significant events occur. This will in turn reduce the regulatory burden and create the conditions for regulatory exit by providing all stakeholders with adequate information to make their own decisions based on their risk preferences.

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