prediction markets

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Want Predictions? Bet on Markets, Not Polls
 Want Predictions? 
 Bet on Markets, Not Polls

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...

Media Gurus Take Stock of New Website 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. 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...

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