Five hundred years of evolution, it is predicted that the market will eventually become the new infrastructure for global information pricing

Statement: This article is reprinted content. If the author has objections to the reprinted form, he can make changes through contact channels. Reprinting is only for information sharing and does not constitute investment advice, nor does it represent Wu's views. Links to the original text can provide more detailed information. <br /> Since the Renaissance, humans have begun to price unknown outcomes in the form of money. As early as 1503, Rome had already made bets on the next Pope. By 1916, based on the value of the US dollar in 2012, the total amount of Americans betting on the US presidential election had reached US$211 million, all concentrated in the New York lottery market. During the peak trading period, the volume of election-related bets exceeded the volume of stocks traded on the over-the-counter on Wall Street.