Story perspectives

Prediction Markets Surge as Trust in Experts Dwindles

2/12/2026

Summary

Story summary

Prediction markets are gaining popularity as forecast tools, with proponents arguing they incentivize accurate information.
Advocates such as Mansour and Saul Munn say traders prefer these markets to traditional news sources.
Regulators historically resisted these markets, but support from Devin Nunes and U.S. President Donald Trump has fueled their growth.
The trend reflects a broader shift as trust in experts wanes, with the Trump administration further legitimizing these markets.

1 of 1

Story summary

Prediction markets are gaining popularity as forecast tools, with proponents arguing they incentivize accurate information.
Advocates such as Mansour and Saul Munn say traders prefer these markets to traditional news sources.
Regulators historically resisted these markets, but support from Devin Nunes and U.S. President Donald Trump has fueled their growth.
The trend reflects a broader shift as trust in experts wanes, with the Trump administration further legitimizing these markets.