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Matt Levine’s Money Stuff: Prediction Market Making Is Hard
One reason I write a lot about sports gambling now is because I write a lot about prediction markets, which are sort of legally financial markets. One frequently remarked difference between a prediction market and a traditional sportsbook is that, at a sportsbook, customers are betting against the sportsbook, while in a prediction market they are betting against each other.
Austin Seeks $1 Billion of Munis for Airport Expansion Plan
Austin is set to bring a $1.18 billion airport revenue bond sale to market on Tuesday as growth in one of the nation’s fastest-expanding metro areas strains capacity at Austin-Bergstrom International Airport.
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