Prediction Markets + Market Predictions = Collective Forecasting That Pays Off

Which software for prediction markets is the best?

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John Ives:

HSX software certainly has a lot of head room to offer to a relatively small project such as Storage Markets. Given the prediction market software vendors available to us during late 2005, we were very happy with our choice of HSX. Alex and his team at HSX provided excellent customer service and were extremely supportive of our experiment. [...]

Being the most popular blogger on prediction markets, I receive many inquiries from firms, and exchange with them views on available solutions. In late 2007, here are the best prediction market software providers:

  • CDA: InTrade-TradeSports and NewsFutures.
  • MSR: Consensus Point, Inkling Markets, and (recently) Xpree. (MicroSoft PredictionPoint, soon.)
  • No Fortune-500 firm and no prediction market expert has ever talked to me positively about HSX (as a software provider).
  • Companies prefer dealing directly with the software provider as opposed to some stand-alone consultant —unless that consultant is in a geographical zone far away from the software vendor’s home territory and the software vendor executive doesn’t want to travel.

Previously: Storage Markets, powered by HSX, has just bellied up.

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