futarchy

English

Etymology

Perhaps a blend of (idea) futures +‎ -archy.

Noun

futarchy (plural futarchies)

1. A form of government proposed by economist Robin Hanson, in which elected officials define measures of national welfare and prediction markets are used to determine which policies will have the most positive effect.
   • 2022 March 18, Andrew Chow, “The Man Behind Ethereum Is Worried About Crypto's Future”, in Time‎^[1], →ISSN:

     [Vitalik Buterin is] an unabashed geek whose eyes spark when he alights upon one of his favorite concepts, whether it be quadratic voting or the governance system futarchy.