gambling markets

Gambling markets are systems where people wager money on the outcomes of events, such as sports, elections, or financial markets. Participants, including individuals and organizations, buy and sell bets based on their predictions. Market prices—similar to odds—reflect the collective beliefs about an event’s likelihood. These markets allow for risk transfer and information aggregation, often enabling better odds assessment than individual guesses. Market makers or operators facilitate liquidity, and the prices fluctuate as new information becomes available, balancing supply and demand. Overall, gambling markets serve as a way to speculate or hedge risks based on collective insights about uncertain future events.