Prediction markets versus ratings and project incentives

Prediction markets may revolutionize the municipal bond industry by improving credit transparency, trading efficiencies, hedging strategies and portfolio management. On the inaugural episode of the Masters of the Muniverse podcast, MMA founder Tom Doe and Bloomberg Intelligence’s new head of municipal research and strategy, Matthew Gastall, discuss the possibilities and promise of prediction markets. They also explore potential policy actions in regions exposed to the greatest infrastructure and energy risks.

The Masters of the Muniverse podcast is part of BI’s FICC Focus series.