The managing editor of CNBC.com asks readers whether they should report what the (play-money and real-money) prediction markets say. He is not that hot on the idea —to say the least. Which is why we should develop a blog network on prediction markets —to get rid of the journalists’ filter and report the prediction markets directly to people. Wanna in?

But the “gambling” nature puts some journalists off.

Is it just providing information … or promoting betting action?

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See, that‘s exactly why I want to develop my “Midas Oracle Project”.

Classic journalists and classic bloggers will never treat prediction markets with the maximum sophistication they deserve.

Only brand-new blog networks that will specialize in prediction markets will do a good job.

I’ll provide more details soon.

I hope that some of you will join this project. It should be a collective endeavor.

E-mail me to join.

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