A prediction market is nothing more or less than a wager on Monday Night Football. Whether the subject is an election, an economic report, or a celebrity outcome, the structure is identical: two parties take opposite sides of a binary event.

I received inquiries regarding my recommendation quoted above from my OpEd of November 6th, on how to monitor flows. While there are different approaches, I developed a methodology to give advisors a simple gauge.

The SEC's cautious approach to change leaves them disconnected from the modern investor.