Prediction markets swung in favor of Trump in the weeks before his victory, as polls showed a virtual tie. Proponents point to a number of factors that make betting markets more accurate. That was still hours before major news outlets called the electionPrediction site founders and researchers have long argued that betting markets are more accurate than traditional polling. I think this is the dawn of a new era for prediction markets, and prediction markets are here to stay," Mansour said. If they don't improve, the betting markets could replace them entirely, he predicted.

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Persons: —, Donald Trump's, Kamala Harris, Trump, They've, Tarek Mansour, Mansour, Harry Crane, Northwestern University's Thomas Miller, Miller, Biden, Harris, Crane, Davide Accomazzo Organizations: Trump, Service, Rutgers University, BI, Northwestern, Pepperdine Graziadio Business