If you don’-t get that, you have nothing to do in the prediction market industry.
Watch the video, there.
We still occasionally encounter people who argue that physical newspapers and TV news shows have a vital roll to play in the dissemination of news. These folks usually work for physical newspapers and TV networks, of course. […-]
Ha! ha! ha!
48% said their primary source of news is the Internet (up 20% from only a year ago).
86% of Americans regard web sites as an important source of news.
36% regard “-blogs”- as an important source of news.
87% of Americans think “-professional journalism”- will remain vitally important.
77% think “-citizen journalism”- will be important
59% think “-blogs”- will be important.
More at Zogby.
BetFair-TradeFair, Betdaq, TradeSports-InTrade, MatchBook, NewsFutures, HSX, et al., should begin to take prediction market blogs seriously.
Previous blog posts by Chris F. Masse:
- Red Herring’s list of the top 100 North-American high-tech startups includes Inkling Markets —but not NewsFutures, Consensus Point, or Xpree.
- Professor Koleman Strumpf explains the prediction markets to the countryland people.
- Professor Koleman Strumpf tells CNN that a prediction market, by essence, can’t predict an upset.
- Time magazine interview the 2 BetFair-Tradefair co-founders, and not a single time do they pronounce the magic words, “prediction markets”.
- One Deep Throat told me that this VC firm might have been connected with the Irish prediction exchange, at inception.
- BetFair Rapid = BetFair’s standalone, local, PC-based, order-entry software for prediction markets
- Michael Moore tells the Democratic people to go Barack Obama in Pennsylvania (a two-tier state), but the polls and the prediction markets tell us that that won’t do the trick.