Will casual fans make World Cup prediction markets worse?
Prediction markets work best when people think in probabilities.
But World Cup fans usually don’t.
They think in flags, squads, narratives, and emotion.
So when the tournament starts and casual fans enter the market, what happens?
Do prices become better because there’s more attention and liquidity?
Or worse because everyone piles into the obvious teams?
I’m especially curious about teams like England, Argentina, Brazil, Portugal, and France — huge fanbases, huge narratives, probably a lot of emotional money.
What do you think:
more liquidity = smarter prices, or more fans = noisier prices?