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Enterprise prediction markets: Usability innovation is the answer.
This past week, The Economist wrote on the yet-unfulfilled promise of prediction markets. At CrowdCast (ex-Xpree), we believe prediction markets are not yet mainstream because the current solutions are built on mechanisms designed for the stock market, not for the enterprise.
The stock trading metaphor works for a large, liquid stock market, but is unsuitable [...]
Xpree = Innovations + Prediction Markets
Xpree launches Open Innovation Markets, a simplified betting interface and also a new website.
Open Innovation Markets combines crowd based innovation, voting and prediction markets. The idea is to brainstorm as a community, vote on the ideas to rank them, then forecast key metrics using a market (cost to develop etc). Prediction markets [...]
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