HubDub takes home the Gold at the Oscars.

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Well the Oscars have come and gone and although most pundits are chattering about Slumdog&#8217-s amazing 8 wins and Hugh Jackman&#8217-s dulcet tones, I&#8217-m more impressed by Hubdub&#8217-s amazing success.

Out of the major races, we got EVERY SINGLE ONE RIGHT. We were also the only major prediction exchange to correctly predict the Best Actor race (Betfair, HSX, InTrade, Newsfutures and even Nate Silver all gave the gold to Mickey Rourke). Also, in five of the big 6 races, we showed higher confidence than InTrade predictors.

HubdubInTrade
Best Picture98%90%
Best Director76%90%
Best Actor63%33.5% (wrong)
Best Actress87%85%
Best Sup Actor100%95%
Best Sup Actress64%58.8%

From the complete 24 award lineup, we nailed 19, generally by impressive condifence margins. Check out all of our settled markets here.

Not only have Hubdubbers had a successful night, each of my personal Oscar predictions were correct and I added another 40 thousand Hubbucks to my coffers. Award season is now finally behind us, but American Idol is just getting started!

Crossposted from Newspundits

Boom and Bust of Prediction Markets

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The boom of public and private prediction markets started after the 2004 US elections. InTrade claimed to have nailed &#8220-all 50 states&#8221-. InTrade&#8217-s performance in the 2008 US elections was less stellar, and in line with polls. Hence, the bust we are in.

If true, the good performance of HubDub in the Oscars 2009 forecasting race could lead to a small boom. We will see. We should first analyze the HubDub data. Nigel, care to share?