Comments on: Max Keiser says on Iranian TV that HubDub’s play-money prediction market on oil price has more predictive power than the oil derivative markets (oil futures markets). http://www.midasoracle.org/2008/08/18/max-keiser-iranian-tv/ Prediction Markets For All Fri, 09 Jan 2009 02:21:55 +0000 http://wordpress.org/?v=2.7 hourly 1 By: Jason Ruspini http://www.midasoracle.org/2008/08/18/max-keiser-iranian-tv/#comment-21212 Jason Ruspini Fri, 22 Aug 2008 23:03:47 +0000 http://www.midasoracle.org/?p=8335#comment-21212 Hubdub doesn't specify what market it settles on so it is pretty hard to say that it is more accurate. I guess it would settle on WTI crude, which would be subject to the same pressures Max carps on.  The futures converge with WTI but don't claim to directly predict December spot here in August -- and that is the only real way that these play-money markets can be said to be more predictive than the futures right now. Hubdub doesn’t specify what market it settles on so it is pretty hard to say that it is more accurate. I guess it would settle on WTI crude, which would be subject to the same pressures Max carps on.  The futures converge with WTI but don’t claim to directly predict December spot here in August — and that is the only real way that these play-money markets can be said to be more predictive than the futures right now.

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