AI Prediction Market Contracts Seek to Measure AI's Economic Impact
The AI economy has been notoriously difficult to measure due to its impact often manifesting as something that no longer happens, making it hard to track through conventional means. To address this issue, PYMNTS and Crypto.com have collaborated to launch AI Prediction Market Contracts, which will allow investors and business leaders to put a price on the part of the AI economy they're trying to see but lack clarity around.
The prediction market will use data from PYMNTS Intelligence, built over nearly 30 months of continuous measurement across consumers, enterprises, and public companies. This data will help identify areas where consumer behavior is ahead or behind companies in adopting AI technology, creating demand gaps that someone will eventually fill.
According to research by PYMNTS, the average adoption curve for AI doesn't provide useful information as it watered down the real signal. Instead, the prediction market will focus on the nuances and edges of AI disruption, which are crucial for business executives and investors.