InTrade should ditch their prediction markets on the InTrade prediction markets, and run a continuing series of 5-minute prediction markets instead.
Chris F. Masse October 8th, 2008
I don’t like the concept.
I don’t spot much volume.
I think that TradeFair’s 5-minute prediction markets are based on a much, much better concept and usability.
Time for John Delaney to act decisively. There is a reason the trash can was invented: to ditch the bad products.
Chris, this is simply an options market that can reveal the higher moments of the underlying probability distribution. If you are happy with just observing the mean, fine. You do not need to follow these “X” markets.
However, if you want to observe how stable is the mean, and whether the volatility is skewed upwards of downwards, then these markets are great.