Just because it’s falsifiable doesn’t mean it’s good science

And even if my assessment of scientists’ motivations was wrong, such a betting market would have to have a lot of money go around, more money than scientists can make by upping their reputation with putting money behind their own predictions. I suspect had you asked those who left particle physics about the LHC predictions, you’d have noticed quickly I was far from the only one who saw a problem. Higher education institutions and funding agencies have reason to pay attention to the prediction market, because it provides new means to bring in money and new information about how to best invest money.

Source: backreaction.blogspot.com