Research & publications

The questions we think are worth getting right.

The Institute publishes working papers, method notes and design standards on prediction markets. This page is the standing agenda — what we are working on, how it is reviewed, and what has actually been published.

Flagship report

The resolvability of event contracts

Working title. It publishes when it clears internal review by fellows and outside readers, with any dissent published alongside it. Until then this page lists nothing — a research index padded with work that does not exist is worse than an empty one.

In preparation

Publications

No papers have been published yet.

When a paper clears review it appears here with its named authors, its version and its full method — and with any dissent published alongside it.

Adversarial review memos

Faster than a paper, held to the same standard.

Real, current questions argued from more than one named perspective, drafted by the Institute itself and shown here while still draft — pending review, not yet a position.

Read the memos

Standing agenda

Six open tracks.

01

Open

Contract design & wording

What makes a question resolvable?

Ambiguity is the dominant failure mode in event markets. This track catalogues wording patterns that survive contested outcomes, and the ones that reliably produce disputes.

02

Open

Settlement & resolution governance

Who decides, and under what constraint?

Sources of truth, oracle and committee structures, appeal windows, halt criteria, and what a venue owes participants when the world refuses to be tidy.

03

Open

Market integrity

Which manipulations are structural?

Thin-book distortion, resolution-source attack, wash and cross patterns, and information advantage — separated into what surveillance can catch and what only design can prevent.

04

Open

Funding, margin & collateral

What breaks when the market never closes?

Funding-rate behaviour, index construction, collateral haircuts and liquidation cascades in perpetual and 24/7 venues, and their interaction with event risk.

05

Open

Measurement & calibration

How would we know if these prices were good?

Scoring rules, calibration measurement, sample-size thresholds and comparison methods — so that claims about forecast quality can be audited rather than asserted.

06

Open

Supervision & professional conduct

What does competent practice look like?

Client communication, conflicts, record-keeping, AI use and escalation for the professionals who sit between a novel contract and the person carrying its risk.

Review standard

The rules we hold ourselves to.

The Institute operates an internal review process staffed by its fellows and outside readers. It is not journal peer review and we do not describe it as such.

  • 01Methods and data sources are stated before conclusions.
  • 02Every claim is attributable to a named author and a version.
  • 03Reviewers may dissent in print; dissents are published with the paper.
  • 04Corrections are versioned, not silently edited.
  • 05Work funded or informed by an interested party discloses that relationship.

Contribute

If you are already working on one of these questions, we would rather publish you than duplicate you.

Fellows programme

Prediction Markets Institute

What if tomorrow was predictable?

An independent research institute for prediction markets. We publish research and methods, set out design standards, and convene the people who build, supervise and study these markets.

Prediction Markets Institute (PMI) is the organisation. PMA-CICP is the credential it is establishing. This site is named after the credential, not after a second body.

© 2026 Prediction Markets Institute

Prediction Markets Institute is an independent research and standards body. It does not claim tax-exempt status.

The Institute is a research and professional body. It is not a regulator, an exchange, a designated contract market, a broker-dealer, or a registered investment adviser, and it is not authorised, endorsed or approved by any such body. Membership and any credential the Institute confers attest to professional competence only; they confer no licence, registration or permission to advise, solicit, trade, or handle client assets, and are neither approved nor required by the CFTC, the NFA, or any other regulator. The PMA-CICP credential is in development and has not been issued.

Nothing on this site is investment, legal or tax advice, an offer or solicitation to buy or sell any contract, or a prediction of any outcome. Prediction market and derivative contracts carry risk, including total loss.