Prediction market journalism can’t be practiced by the “mainstream media”. What we need is a revolution.
Chris F. Masse May 15th, 2008
The eyes-wide-opened Alexis Perrier notes that many “mainstream media” do talk about political prediction markets, these days.
But that’s a superficial coverage —basically, explaining to morons (surfacing from their Afghan cave) what InTrade does. The real thing is prediction market journalism —and to this day, only Justin Wolfers does practice it (once a month).
To get real PMJ done, we will need brand-new digital publications and brand-new people —just like the newly created tech blogs (like TechCrunch) are employing a new batch of writers, using new tools and new methods.
If you look at the 87 feeds I subscribe to, I get my IT news from professional blogs —not from mainstream media.
Prediction market journalism has a future only if professional blogs adopting this approach are to be created.
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