InTrade is not a bookie, and its traders are not gamblers.

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– Economic forecasters do pay attention to InTrade.

– Most InTrade traders are US citizens, or, at least, US residents &#8212-not &#8220-foreigners&#8221-.

I could go on. This post is riddled with inaccuracies.

It is the kind of stuff that explains InTrade to morons surfacing from their Afghan cave &#8212-as I told you 5 minutes ago. I&#8217-m fed up with that kind of superficial journalism. We all know what InTrade is. Let&#8217-s move on to real prediction market journalism.

Previous blog posts by Chris F. Masse:

  • Prediction Markets
  • Meet professor Justin Wolfers.
  • 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.

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