Peter Leitner of Numeria writes:
Prediction markets are not a panacea, however, at least not yet. They are still evolving and can, like other markets, potentially overshoot on the extreme ends of optimism and pessimism. And one segment of the prediction market space – online gaming, or gambling if you prefer – is demonstrating both the lucre and ire such markets can create.
My Take: I respectfully disagree. Most of TradeSports speculative prediction markets were investigated by economics researchers who found out that they have predictive power, which is an important social utility.
My Suggestion To Peter Leitner: Please, do provide links and a blogroll. Your blog looks like a dead end, right now. No wonder you’re stuck with a miserable Google PageRank of 3/10. (Nobody will link to a dead end, as I’m demonstrating by not linking to your piece.) Publishing on the Web means offering links to public factoids and other people’s perspectives. Show that you’re open to the world, and people will be more willing to inquire about your product offerings and your opinion takes.
