Sites like PaddyPower (which does not accept bets from Americans) may seem frivolous to some, but many economists view them as valuable “prediction markets,” which provide insight into real world outcomes.
Here are some other developments worth noting:
Amazon will make a big splash in 2018 by announcing the location of its second corporate headquarters—a prize expected to bring prestige and as many as 50,000 high paying jobs to the winning city.
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When cities submitted their bids in late October, Fortune turned to a popular betting site to see which of the more than 200 candidates had the early edge. Fast forward to the new year, and the initial favorite—Atlanta—is still at the top of the list, but its chances have declined from 2/1 to 3/1 and it now shares the perch with southern rival, Austin, Tex.
Here is a screenshot of the latest odds, pulled from PaddyPower, an Irish betting site that lets people put their money where their mouth is on everything from sports to world events: