We have $n+1$ real numbers $x_1,\cdots,x_{n+1}$ such that $-1\leq x_i\leq 1$ for all $1\leq i\leq n+1$.
I am wondering whether the following fact is true:
There exists some $j$ such that $\prod_{\substack{i=1\\i\neq j}}^{n+1}\left |x_j-x_i\right |\leq \frac{n+1}{2^{n-1}}$.
Some base steps are easy. Assume that this holds for $n-1$.
Applying this inductive hypothesis to $\left\{x_i:i\in\mathbb{N}_{\leq n+1}\right\}\setminus\left\{x_j\right\}$ for each $j\in\mathbb{N}_{\leq n+1}$, we conclude that for each $j\in\mathbb{N}_{\leq n+1}$ there exists $h\left(j\right)\in\mathbb{N}_{\leq n+1}\setminus\left\{j\right\}$ such that $\prod_{\substack{i=1\\i\neq j\\i\neq h\left(j\right)}}^{n+1}\left |x_{h\left(j\right)}-x_i\right |\leq\frac{n}{2^{n-2}}$.
Now, if for some $j\in\mathbb{N}_{\leq n+1}$ we have $\left |x_{h\left(j\right)}-x_j\right |\leq \frac{1}{2}$, then $\prod_{\substack{i=1\\i\neq h\left(j\right)}}^{n+1}\left |x_{h\left(j\right)}-x_i\right |\leq \frac{1}{2}\cdot\frac{n}{2^{n-2}}\leq \frac{1+\frac{1}{n}}{2}\frac{n}{2^{n-2}}=\frac{n+1}{2^{n-1}}$, which gives what we want. But what about the case in which $\left |x_{h\left(j\right)}-x_j\right |>\frac{1}{2}$ for all $j\in\mathbb{N}_{\leq n+1}$?
Is there any other way?
Yes, it is true. Consider the polynomial $p(x)=\prod_{i=1}^{n+1}(x-x_i)$ and the monic Chebyshev polynomial $T_n(x)=x^n+\dots$ of degree $n$, so $|T_n|\le 2^{-(n-1)}$ on $[-1,1]$. Now apply the residue theorem to the integral of the rational function $Q(z)=\frac{T_n(z)}{p(z)}$ in a huge disk centered at $0$. On the one hand $$ \oint_{|z|=R}Q(z)\,dz\approx \oint_{|z|=R}\frac{dz}{z}=2\pi i $$ as $R\to\infty$ because $Q(z)=\frac 1z+O(|z|^{-2})$ as $z\to\infty$.
On the other hand, it is $$2\pi i\sum_j{\rm Res}_{x_j}Q=2\pi i\sum_j\frac{T_n(x_j)}{p'(x_j)}\,.$$ Since $|T_n(x_j)|\le 2^{-(n-1)}$, we conclude that $$\sum_j\frac{1}{|p'(x_j)|}\ge 2^{n-1}\,,$$ so there must exist $j$ with $|p'(x_j)|\le \frac{n+1}{2^{n-1}}$. But $|p'(x_j)|$ are exactly the products you are interested in.