Scott Alexander examines the shutdown of PredictIt and its implications for the prediction market industry, while also highlighting new developments and forecasts in the field. Longer summary

This post discusses the recent shutdown of PredictIt, a prominent prediction market, by the CFTC. It explores potential reasons for the shutdown, including suspicions of lobbying by competitor Kalshi. The post also covers new developments in the prediction market space, including Hedgehog Markets allowing user-created markets, a forecasting tournament by the Salem Center and CSPI, and updates on various prediction markets and their forecasts on topics like China-US conflict, AI-generated music, and remote college education. Shorter summary