Collective intelligence in financial markets is absolutely fascinating. > Brazil's elections: Markets anticipated the impact of Lula's victory over Bolsonaro, with Brazilian equities reacting sharply. > Ballon d'Or: Prediction markets were pricing Harry Kane as the winner days before the official announcement. > Oil: When oil moved more than 0.5% over a weekend, Hyperliquid's markets reportedly anticipated the correct direction in 30 out of 32 cases. When movements were smaller, accuracy dropped considerably, suggesting that speculative positioning can distort prices. Of course, collective intelligence isn't perfect. Election markets have also made some very wrong predictions like the Brazilian one. But the idea that thousands of traders can collectively price information while traditional markets are closed is incredible. I did a video on that. Check it out 🔴