InTrade embraces ‘crowd sourcing’:
Intrade is looking for New Market Ideas!
Friday, Jan 25, 2008
What uncertain event are you interested in trading? What uncertain event are you interested in getting predictive information on from the Intrade community? Please let us know by mailing markets@intrade.com.
By suggesting a new market* and agreeing to be cited you will be joining an impressive list of luminaries from Academia, Business, and Government.
Here is just a small sample of those who have previously suggested markets that Intrade has listed?
- Robin Hanson (Prof.)
- International Strategy & Investment Group
- Peter McCluskey
- David Pennock (Dr.)
- Mark Perry (Prof.)
- Koleman Strumpf (Prof.)
- Justin Wolfers (Prof.)
- Eric Zitzewitz (Prof.)
Before we list any new market we [endeavor] to ensure the following:
- The market will be easily understood and capable of definitive settlement.
- Market is based on an event that is of significant economic, social, or public interest.
- Typically be defined as a yes or no (0-100) proposition.
Ensuring your suggestion complies with the above criteria [maximizes] the chance we will list your suggestion for free. In other circumstances we may still list your suggestion for a fee.
*A market that we list and had not previously listed or considered.
They should look in the direction of PopSci PPX for new ideas. [And they should look for a Merriam-Webster dictionary to write the North-American English correctly. I have corrected them two times.]
Yahoo! Research scientist David Pennock’s prediction market proposals for InTrade are great.
And what about a prediction market on whether North Korea will soon launch an intercontinental missile? 
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NEXT: I recommend that you read the comments on David Pennock’s post.
