Abstract
In the early 2000s, Google attempted to create and launch an internal prediction market platform called Prophit. However, Prophit’s public launch was blocked due to the legal and political complexities surrounding online gambling in the United States at the time. The project was abandoned in 2011, but it was revived in 2020 as Gleangen. Gleangen was successful in generating predictions from employees, but it faced challenges in transforming those predictions into actionable insights for decision-makers. The author argues that corporate prediction markets can be valuable tools, but they require careful consideration of the operational and political challenges involved in their implementation. – AI-generated abstract.
