The Big Bet
Prediction Markets and the Future of Democracy
$66.47
- Hardcover
304 pages
- Release Date
26 February 2027
Summary
What happens when democracy becomes just another tradeable commodity? The first book on the phenomenon of prediction markets - and how they are reshaping the world.
What happens when democracy becomes another commodity? The first book on prediction markets - and how they are re-shaping the world.
For many, Donald Trump’s decisive election victory over Kamala Harris in 2024 was a shock. Traditional polls had the race too close to call. But for those watching prediction betting …
Book Details
| ISBN-13: | 9781847929693 |
|---|---|
| ISBN-10: | 1847929699 |
| Author: | Michael Auerbach |
| Publisher: | Vintage Publishing |
| Imprint: | The Bodley Head Ltd |
| Format: | Hardcover |
| Number of Pages: | 304 |
| Release Date: | 26 February 2027 |
| Weight: | 537g |
| Dimensions: | 30mm x 156mm x 240mm |
Critics Review
Michael Auerbach has one of the most original minds I’ve ever encountered – and an uncanny instinct for what’s coming next. In THE BIG BET, he explores the past, present, and future of the prediction market, a phenomenon that is reshaping our world in real time, and in startling ways. This is a dazzling and entertaining book, full of keen insights and arresting anecdotes. But it is also an urgent warning about what we might gamble away if we become a society that wagers on everything. Democracy itself is at stake. – PATRICK RADDEN KEEFE, author of Say Nothing, Empire of Pain and London Falling
Every generation or so, the world experiences a moment where one can see exactly where the bus is headed and nobody will touch the wheel. This is one of those moments. Michael Auerbach has written the most honest account of where prediction markets are taking us. The Big Bet is brilliant, troubling, and almost impossible to put down. – SCOTT GALLOWAY, New York Times bestselling author of The Algebra of Wealth and Notes on Being a Man
Michael Auerbach
Michael Auerbach is executive chairman of Lamplighter Group, a geopolitical intelligence and strategic advisory firm with offices in London, New York, and Abu Dhabi. He is also the founder of Subversive Capital, an investment firm focused on frontier markets. Auerbach previously spent over a decade as a partner at Albright Stonebridge Group. He serves as lead independent director of Canaccord Genuity and lives in New York.
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