arXiv · 2610.22684
AlphaBet: Reinforcement Learning for LLM Event Forecasting Agents
Abstract
Forecasting an unresolved event requires finding relevant evidence and deciding how strongly it supports each outcome. Yet outcome-based training of Large Language Model (LLM) forecasters often begins with preassembled evidence at a single prediction date, leaving evidence acquisition outside the learning loop. We introduce AlphaBet, an agentic reinforcement learning (RL) framework that trains a single LLM policy to search, reason, and report probabilities across multiple pre-resolution dates. Each dated forecast is scored by a proper scoring rule against the eventual outcome, allowing one resolved event to supervise decisions under different information states. We decompose forecasting regret into an evidence-acquisition gap and a probability-reporting gap, and show that Group Relative Policy Optimization (GRPO)'s standard-deviation normalization can distort the reporting target under multi-class proper scores. On GLM-4.5-Air, AlphaBet reduces the Brier score from 0.731 to 0.626 on Forecast-Dojo and from 0.612 to 0.528 on FutureX. Controlled ablations attribute these gains to multi-date training and show that they come from improvements in both information acquisition and probability reporting. Our empirical results validate that GRPO's std normalization degrades proper-scoring-rule performance while leaving top-outcome accuracy largely unchanged.
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Liqin Ye, Rongzhi Zhang, Xin Liu, Zheng Li, Yuan He, Qingyu Yin, Priyanka Nigam, Chao Zhang. 2026-10-15. AlphaBet: Reinforcement Learning for LLM Event Forecasting Agents. https://arxiv.org/abs/2610.22684
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