Researchers who study crime and justice have been forecasting a variety of outcomes for nearly a century. Perhaps the … and time trends in crime. However, it is very difficult to determine how accurate such forecasts have been because few … forecasts have been properly evaluated. In the hope of improving crime and justice forecasts in the future, this article reviews …

application in perhaps the most obvious policy area: crime. This paper proposes and examines the use of prediction markets to … forecast crime rates and the impact on crime from changes to crime policy, such as resource allocation, policing strategies …, sentencing, post-conviction treatment, and so on. We make several contributions to the prediction markets and crime forecasting …