‘Wisdom of crowds’: Could political betting swing the US election? – Times of India
Historically, political betting is impressively accurate. As the 1549 papal conclave dragged on into a second and third month, Venice’s ambassador to the Vatican, Matteo Dandolo, was outraged by insider trading. “It is more than clear that the merchants are very well informed about the state of the poll,” he said, “and that the cardinals’…