Prediction Markets = Collective Forecasting = Collective Intelligence That Predicts

The self-serving blurbs that are published on the InTrade website’s header

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InTrade

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Koleman Strumpf, Professor of Economics, University of Kansas:

When people ask me who will win the next election, I say `Let me look at the price on InTrade. It is the best forecast I know.

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Bill Saporito, Time Magazine:

On Dec. 11, 2003, InTrade’s contract on Saddam Hussein’s capture suddenly began to move. Two days later, Saddam was in custody.

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Walter Deemer, Market Strategies and Insights:

I’ve been following political prediction markets on the leading prediction market, InTrade (www.intrade.com), since 2004.

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Tom Gallagher, ISI Group:

The [InTrade] markets offer a great way to track the market-based consensus on political and current events. People put real money on the line in making predictions, which is better than snap judgments in opinion polls or no-stakes views of pundits.

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John Tierney, The New York Times:

InTrade futures market —the greatest time-saving invention of this century.

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Professor Robin Hanson, Professor of Economics, George Mason University:

Want straight answers on what will happen in politics and current events? Answers without partisan bias or wishful thinking? You can’t do much better than the prices at InTrade.

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Stephen J. Dubner, Freakonomics:

For many people, InTrade is the king of the prediction markets.

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Andy Serwer, Managing Editor, Fortune:

At Fortune we often write about the latest hot company, but it’s rare that we get a chance to introduce you to an entirely new market… InTrade is the only efficient market system around for investing in, well, almost anything.

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David Leonhardt, Economics Reporter, The New York Times:

InTrade isn’t just an entertaining Web site. It is the latest iteration of one of the most important economic developments of modern times.

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John Stossel, 20/20 ABC:

InTrade makes more accurate predictions than I have ever come across.

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