Should prediction exchanges and software vendors have their own Scientific Advisory Board?

BetFair, TradeSports-Intrade and Betdaq don’t have any —and they are doing great. (InTrade has great connections with the US-based economists, it should be noted.) NewsFutures has one. Xpree has one. Consensus Point has an informal one, it seems. As for Inkling Markets, let’s leave it blank, for now. HedgeStreet had the best and most impressive advisory board one could have —it didn’t preclude their wreckage.