PREDICTION MARKETS RANKLED THE POPE---IN 1591 !!!
Pope Gregory XIV, 229th pope of the Catholic Church, threatened excommunication for anyone caught betting on a College of Cardinals conclave.
www.cato.org/commentary/p...
cato.org
The Pope Tried to Ban Prediction Markets in 1591. It Didn't Go Well.
The betting exchanges provide public intelligence. Suppressing them is a policy mistake.