Prediction Markets + Market Predictions = Collective Forecasting That Pays Off

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Comments on Weather Bill dot com

(((If you have just surfaced from your Afghan cave: Weather Bill dot com will be a Web-based, highly customizable weather insurance service to businesses and (wealthy) individuals. There are two crunchy aspects: “users can also use it to simply make a cash bet on the weather swings in a given geographic area“, and the comparison [...]

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