John McGinnis, author of Accelerating Democracy: Transforming Governance through Technology, proposes in his book that the government does not take full advantage of the benefits that technology gives. He explains that recent technology can be used to better analyze past, present, and future public policy. In a recent op-ed for Investor’s Business Daily, he explains how prediction markets can serve as a way to discover if policies will be beneficial before they are fully enacted. McGinnis argues that prediction markets are not the same as internet gambling and that they should be legalized as a way to assess policies that fits the technology of today.
Read the full op-ed below.