Prediction markets: information procurement from selfish agents in standard use cases

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As companies grow and work environments become more dispersed, managing and gathering information at a company level becomes a growing problem. Prediction markets are one way to aggregate information in these settings. Prediction markets are an information aggregation tool in which people trade in securities with values contingent on the outcome of a future event. For example, "Will project A be complete by the 31st of December?" could be one such security. A trader holding a "Yes" share stands to earn $1 if project A is completed by the 31st of December, otherwise she earns nothing.