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December 2, 2008 9:30:44 PM CST


prediction markets

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ANALYSIS

 Want Predictions? 
 Bet on Markets, Not Polls

Mapping the future by getting investors to put their money on it is more accurate

(Newser) - Opinion polls have a spotty track record when it comes to predicting political events, Paul Parsons writes in the Telegraph . He recommends a clearer crystal ball: futures markets, such as the University of Iowa’s Electronic Market. Functionally the same as a financial market, IEM allows individuals to bet between 1 cent and $1 on the likelihood of political events. More »

More about:  Barack Obama Election 2008 John McCain election Intrade prediction markets

Media Gurus Take Stock of New Website

MediaPredict.com brings a market mentality to picking the next hit

(Newser) - An enterprising start-up thinks it knows how to pick the next Da Vinci Code or "Friends," the Economist reports: virtual stockmarkets. MediaPredict.com lets volunteers use play money to bet on the success of a book manuscript, TV pilot, or opening-day take, and hopes the wisdom of crowds will predict the hits. More »

More about:  stock market media entertainment betting prediction markets

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