I don’t remember anyone proposing “maybe this trader has an edge”, even though incentivising such people to trade is the mechanism by which prediction markets work. Certainly I didn’t, and in retrospect it feels like a failure not to have had ‘the multi-million dollar trader might be smart money’ as a hypothesis at all.
I don’t remember anyone proposing “maybe this trader has an edge”, even though incentivising such people to trade is the mechanism by which prediction markets work. Certainly I didn’t, and in retrospect it feels like a failure not to have had ‘the multi-million dollar trader might be smart money’ as a hypothesis at all.