The Death and Life of Prediction Markets at Google
Google has hosted two different internal platforms for predictions over the past two decades. Prophit lasted for several years before it was shut down. Gleangen was launched a month after Google employees worldwide were sent home due to COVID-19. Prediction markets have been in the spotlight in recent months. This article looks at the story of Prophit and Gleangen, the two largest corporate prediction markets ever run, and sees what lessons can be learned from them.