Exclusive: Nate Silver joins prediction market startup as more people bet on news

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More Americans are flocking to prediction markets to interpret crazy news cycles.

Share on linkedin Nate Silver, 2018. Photo: Krista Kennell/Patrick McMullan via Getty Images, has hired statistician and journalist Nate Silver as an adviser while it looks to build out more forecasts around news events. And more news outlets are beginning to"Probabilities really matter when you're trying to make plans," Silver said in a phone interview.

"All of the trading is happening outside the U.S.," Rosenberg said. "But we are exploring offering a regulated U.S. product soon."The firm, which has raised $70 million in venture capital since launching in 2020, produces more than 80% of global predictions made around U.S. elections, by its estimates.

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