The Big Bet
Prediction Markets and the Future of Democracy
$33.99
- Paperback
352 pages
- Release Date
26 January 2027
Summary
What happens when democracy becomes just another tradeable commodity? This is the first book on the phenomenon of prediction markets and how they are reshaping the world.
A brilliant exploration of the phenomenon of prediction markets that asks: what happens when democracy becomes another commodity?
Prediction markets are sweeping the world, fundamentally changing the nature of gambling—and the very ways in which we attempt to divine the future. Posed as binary ‘Yes/No’ questi…
Book Details
| ISBN-13: | 9781847929709 |
|---|---|
| ISBN-10: | 1847929702 |
| Author: | Michael Auerbach |
| Publisher: | Vintage Publishing |
| Imprint: | The Bodley Head Ltd |
| Format: | Paperback |
| Number of Pages: | 352 |
| Release Date: | 26 January 2027 |
| Weight: | 394g |
| Dimensions: | 23mm x 153mm x 234mm |
Critics Review
Michael Auerbach has one of the most original minds I’ve ever encountered – and an uncanny instinct for what’s coming next. In THE BIG BET, he explores the past, present, and future of the prediction market, a phenomenon that is reshaping our world in real time, and in startling ways. This is a dazzling and entertaining book, full of keen insights and arresting anecdotes. But it is also an urgent warning about what we might gamble away if we become a society that wagers on everything. Democracy itself is at stake. – PATRICK RADDEN KEEFE, author of London Falling
Every generation or so, the world experiences a moment where one can see exactly where the bus is headed and nobody will touch the wheel. This is one of those moments. Michael Auerbach has written the most honest account of where prediction markets are taking us. The Big Bet is brilliant, troubling, and almost impossible to put down. – SCOTT GALLOWAY, New York Times bestselling author of The Algebra of Wealth and Notes on Being a Man
Will The Big Bet become essential reading on prediction markets? This market resolved to YES. Michael Auerbach’s book is a history lesson and an overview of the state of play, but also a forewarning of a future rife with insider trading and corruption. I cleaned up. – MATT STONE, co-creator of South Park
Michael Auerbach
Michael Auerbach is executive chairman of Lamplighter Group, a geopolitical intelligence and strategic advisory firm with offices in London, New York, and Abu Dhabi, and founder of Subversive Capital, an investment firm focused on frontier markets. He previously spent over a decade as a partner at Albright Stonebridge Group. He serves as lead independent director of Canaccord Genuity and lives in New York.
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