InTrade is not a “bookie”, and its traders are not “gamblers”.

Prediction market journalism can’t be practiced by the “mainstream media”. What we need is a revolution. Why I don’t believe in VP prediction markets

InTrade is not a “bookie”, and its traders are not “gamblers”.

Chris F. Masse May 15th, 2008

- Economic forecasters do pay attention to InTrade.

- Most InTrade traders are US citizens, or, at least, US residents —not “foreigners”.

I could go on. This post is riddled with inaccuracies.

It is the kind of stuff that explains InTrade to morons surfacing from their Afghan cave —as I told you 5 minutes ago. I’m fed up with that kind of superficial journalism. We all know what InTrade is. Let’s move on to real prediction market journalism.

Previous blog posts by Chris F. Masse:

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Tags: InTrade, journalism, prediction market journalism, prediction markets

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