A Prediction Market Is A

Multiple Choice

A prediction market is a:

A) perfectly functioning futures market, so that futures output can be interpreted as probabilities and used to make predictions.
B) perfectly functioning futures market, so that futures prices can be interpreted as probabilities and used to make predictions.
C) speculative market carefully designed so that output can be interpreted as probabilities and used to make predictions.
D) speculative market carefully designed so that prices can be interpreted as probabilities and used to make predictions.