The Promise of Prediction Markets, an article in Science Magazine, co-authored by twenty-two economists (including two Nobel Prize laureates) ascertains that Prediction Markets should be “free of unnecessary government restrictions.”

This, of course, begs the question of what is unnecessary and what isn’t. However, keep an eye out for more economists to have the same libertarian point of view regarding Prediction Markets.

Thanks to Oddhead Blog, where we first found out about the article.