Prediction Markets + Market Predictions = Collective Forecasting That Pays Off

Tag Archives: US political elections

State Polls vs. Prediction Markets — 2008 US Presidential Election Prediction

Here are the latest (and last) state polls and prediction market probabilities.
I am writing this post at 10:00 am —on Tuesday, November 4, 2008.
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Contents

a visual roundup of the prediction market probabilities for the 2008 US electoral college
the latest news about the race for the White House
a visual roundup of various electoral maps based on state [...]

2008 US electoral map prediction for the 2008 US presidential elections

Folks,
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IMPORTANT NOTE:
- Till Election Day, this present blog (Midas Oracle .ORG) is going to update you once in a while about the horse race thru the lens of the prediction markets.
- Additionally, the other blog (Midas Oracle .COM) is going to publish many posts per day about the US elections (scheduled for [...]

2008 US Presidential and Congressional Elections Prediction: The Sarah Palin effect has partially evaporated, but its remains point to a close race, come Tuesday, November 4, 2008.

#1. Explainer On Prediction Markets
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A prediction market is a market for a contract that yields payments based on the outcome of a partially uncertain future event, such as an election. A contract pays $100 only if candidate X wins the election, and $0 otherwise. When the market price of an X contract is $60, the [...]

A Democratic sweep in Washington DC, in November 2008, will likely lead to the legalization of the real-money prediction markets.

Gambling 911:
With the Nevada Caucuses taking place this Saturday, The Las Vegas Sun reports that Democrat Hillary Clinton supports a study to determine if Internet gambling can be fairly regulated so that individuals can safely participate in it and American businesses can compete in the international market.
I was not able to find that article [...]

Yahoo! Election 2008 Political Dashboard

(Cross posted from Oddhead Blog.)
I’m happy to report the launch of the Yahoo! Election ‘08 Political Dashboard. Using the dashboard, you can navigate through a wealth of election-related data, including prediction market data from intrade.com, polling data from Real Clear Politics, search buzz data from Yahoo!, and financial contributions data, regional demographic data, and historical [...]

DAVID PENNOCK’S YAHOO! ENDORSE IRELAND-BASED, ILLEGAL, REAL-MONEY PREDICTION MARKETS.

UPDATE: Someone points to me that there is no hyperlink between Yahoo! News Dashboard and InTrade. Indeed.

My understanding was that she wasn’t Treasury secretary in the Clinton administration, so I don’t know exactly what experiences she’s claiming.

Barak Obama on Hillary Clinton. Everybody laughed. New York Times columnist Maureen Dowd (in a November column) continues:
Hillary [Clinton] did not show good judgment in her areas of influence — the legal fiefdom, health care and running oppo-campaigns against Bill’s galpals.
“She hasn’t accomplished anything on her own since getting admitted to Yale Law,” wrote Joan [...]

Electability of Hillary Clinton according to InTrade-TradeSports = 65%

Eddy Elfenbein at Crossing Wall Street:
I written about this topic before but one of the things I find fascinating about finance is how you can use markets for two items to create an “implied market” for a third. This idea is at the root of all the complex financial instruments that caused problems for so [...]

Iowa Caucus: British blogger Mike Smithson is selling Hillary Clinton short.

Mike Smithson in the Financial Times today:
[...] Feeding the development of political gambling is in his own interest. Mr Smithson estimates that there are as few as 1,500 regular political gamblers [*] in the UK, although the number swells to millions on the eve of an election. US constraints on online gambling have impeded the [...]

Could a political campaign use prediction markets?

This is cross-posted from our Inkling Markets blog where we have far fewer readers than the illustrious Midas Oracle. …

There are several prediction marketplaces out there for the upcoming U.S. election season and probably more to come. All the ones we know of are intended for participation by the general public. But what if [...]

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