Towards a prediction market label?

Chris F. Masse March 10th, 2008

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Our good doctor Emile Servan-Schreiber of NewsFutures (some time ago):

[...] create a “Prediction Market” label that we could use to differentiate our products and our approach from the growing number of “wisdom of crowds” barbarians (eg, blubet, guessnow, etc.) who are shamelessly exploiting the “prediction market” brand even while their offerings have little resemblance to such a thing. [...]

Maybe not such a bad idea. But who would define the prediction markets, who would apply this prediction market label, and would the media care about all that??

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