Think you can win on prediction markets? Here's why you're more likely to lose

Prediction markets, based on the idea that anybody can profit from predicting the outcome of an event, are about to make their way to Canada. But research suggests only a fraction of sophisticated users reap the benefits due to their extensive knowledge of finance, economics and computer skills that average users can't compete with.

Prediction markets, based on the idea that anybody can profit from predicting the outcome of an event, are about to make their way to Canada. But research suggests only a fraction of sophisticated users reap the benefits due to their extensive knowledge of finance, economics and computer skills that average users can't compete with.

Prediction markets, based on the idea that anybody can profit from predicting the outcome of an event, are about to make their way to Canada. But research suggests only a fraction of sophisticated users reap the benefits due to their extensive knowledge of finance, economics and computer skills that average users can't compete with.