PREDICTION MARKETS HAVE ARRIVED: Bloomberg columnist shames India’s government FOR NOT USING prediction markets to forecast demand.

WOW. This is big.

Andy Mukherjee:

[...] Finally, demand estimation is too important to be left entirely to experts.

Companies such as Google Inc. are harnessing the power of prediction markets — which gather information from a large number of participants — to generate useful forecasts.

There’s no reason why governments can’t do the same.

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Great idea.

Let’s shame the 95% of Fortune-500 companies for not using enterprise prediction markets. :-D

  • Shame on you, McDonald’s, for not using enterprise prediction markets.
  • Shame on you, Nike, for not using enterprise prediction markets.
  • Shame on you, Conquest Capital, for not using enterprise prediction markets.
  • etc. etc. etc. :-D

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About Chris F. Masse

Founder and President of Midas Oracle
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