ABC 20/20 featuring InTrade on May 9, 2008 – 10:00 pm ET

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ABC 20/20 featuring InTrade on May 9, 2008 &#8212- 10:00 pm ET

Foretelling the Future: Online Prediction Markets &#8212- (4 pages in all)

Now Intrade is more than just a place where people win or lose money making bets. It turns out that the share prices on Intrade can be accurate predictors of the future. Intrade attracts a large and diverse crowd of bettors, and because each participant puts their money on the line, they may be more likely to make careful decisions. As a result of the collective intelligence of more than 77,000 bettors on Intrade [*], the prices on the site may be a good way to predict the outcome of current events &#8212- more accurate than some polls and pundits.

[*] and thanks to InTrade&#8217-s market mechanism&#8230- :-D


ABC video

YouTube video

Previous blog posts by Chris F. Masse:

  • Become “friend” with me on Google E-Mail so as to share feed items with me within Google Reader.
  • Nigel Eccles’ flawed “vision” about HubDub shows that he hasn’t any.
  • How does InTrade deal with insider trading?
  • Modern Life
  • “The Beacon” is an excellent blog published by The Independent Institute.
  • The John Edwards Non-Affair… is making Memeorandum (twice), again.
  • Prediction Markets = marketplaces for information trading… and for separating the wheat from the chaff.

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