Dear Midas Oracle readers,

I’m happy to report you the findings of my latest work, which has been accepted for publication in the inaugural issue of The Journal of Prediction Markets and is entitled as Prediction Markets: An Extended Literature Review. The final draft is available for download here.

The article, performed for the needs of my doctoral dissertation in NTUA, Greece, presents an attempt to collect and study the totality of the related to prediction markets academic work. 152 papers (journal articles, conference proceedings, book chapters, master’s theses and doctoral dissertations published between 1991 and 2006) were finally reviewed and classified. For further convenience of the researchers, the bibliography references are available for download in bibtex, endnote or txt format through my webpage.

I present here the basic findings of the literature review:

• There is a significant increase, which could be roughly described as exponential, in the volume of prediction market literature during the last years

• The terminology used to refer to the concept of prediction markets is very dispersed. The need for a universally adopted descriptor is therefore highlighted

• A classification scheme is also provided, which shows off the diversity of the research field and maybe suggests directions for further research

I hope that this work would serve as an expedient source for anyone interested in prediction markets.

Thank you for your time and comments.