How is FX different from a bookie?
Besides the obvious fact that FX isn’t real money, it differs from placing bets with a bookie in that FX is a market. Where a bookie sets his own odds, at the Foresight Exchange the odds are set through the operation of the bids of the players, just like prices in a stock market. Therefore, as a member of the Foresight Exchange you are contributing your knowledge to the market consensus.
