Prediction markets reflect 'wisdom of an informed minority,’ not crowd: Study

About 3.5% of informed traders, including market makers and skilled takers, capture over 30% of profits on prediction platforms, while about 67% of users absorb the entirety of losses.
Source: Prediction markets reflect 'wisdom of an informed minority,’ not crowd: Study (https://cointelegraph.com/news/prediction-markets-reflect-wisdom-of-an-informed-minority-not-crowd-study?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound)