Prediction Markets + Market Predictions = Collective Forecasting That Pays Off

InTrade are going to open prediction markets on the future price of art. These innovative prediction markets will fail miserably. Here’s why. You heard it here first.

No Gravatar

Those brand-new InTrade prediction markets will be based on the Mei Moses All Art Index.

Financial Times

-

Price for Mei Moses Fine Art Index Futures at intrade.com

-

At first glance, that looks like a very bad idea. Indeed, I don’t see what primary indicators will be used by the event derivative traders to inform their betting decisions.

Is it another bad move from Chad Rigetti?

P.S.: I wish I am wrong, and this becomes an instant success for InTrade. (I would rather see them experimenting with the 5-minute prediction markets.)

Leave a Reply

You must be logged in to post a comment.

Search

Post Categories