London, Jan. 13 -- Gamblers had a better sense of the prevailing mood on June 23, 2016 - the day of the UK-EU Brexit referendum - than financial markets, according to a research at the University of Cambridge.

The study shows how financial markets should have predicted Brexit hours before they did, and that betting markets beat currency markets to the result by an hour - producing a profit-making scope.

Researchers from the university's Faculty of Economics compared the behaviour of the betting market and the sterling-dollar exchange rate from the closure of the polls at 10pm that day.

Both markets were "informationally inefficient"; they were slow to react despite data being available and also with information flooding in from the vote ...