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Lecture Notes in Computer Science
Recently, there has been an increase in the usage of centrally managed markets which are run by some form of pari-mutuel mechanism. A parimutuel mechanism is characterized by the ability to shield the market organizer from financial risk by paying the winners from the stakes of the losers. The recent introduction of new, modified pari-mutuel methods has spurred the growth of prediction markets as well as new financial derivative markets. Coinciding with this increased usage, there has been muchdoi:10.1007/978-3-540-77105-0_11 dblp:conf/wine/PetersSY07 fatcat:spaitpdezzaidfcnl4y2qbncva