Death at the Summit: How the Feds Killed a Market Oracle
As CEO of Intrade, John Delaney harnessed the wisdom of the crowds, with often freakishly prescient results. Technocratic dreamers were ecstatic about the company's ability to predict the future, and maybe even reshape society. Today Delaney's company has collapsed and his body is entombed atop Mount Everest. A tale of bravado, bluster, and efficient markets.