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Niall, my good Lord,

Firstly, thanks for your constant scrutiny of my web activities. I&#8217-m so honored &#8212-and you should be too, because I&#8217-m one of your feed subscribers.

As you point out, that post was not an instance of &#8220-prediction market journalism&#8221- &#8212-and was never branded as such. I have made a long-time policy on all the Midas Oracle blogs that their content is not about prediction markets only. That post was about US politics, and it consisted in a link to a story explaining why Oprah Winfrey is not able to help Barack Obama, because of demos and else. I thought my readers would like to read that story.

Niall, if you want an instance of &#8220-prediction market journalism&#8221- (not in its richest form, though, as we are just started experimenting and researching it), try that &#8212-and you&#8217-re welcome to criticize it and improve it on your own blog&#8230- if you can. (And if you want material for your next damning critique, try that.)

Your impulse to eviscerate the field of prediction markets (most of the times, with phony arguments, and at other times, with valid arguments) should be kept in check with both science and common sense &#8212-or you risk losing your credibility totally.

Best regards, my good Lord.

Chris Masse

Read the previous blog posts by Chris F. Masse:

• Never talk when you can nod, and never nod when you can wink, and never write an e-mail because it’s death. You’re giving prosecutors all the evidence we need.
• Is Justin Wolfers a libertarian? Probably not.
• The information technology that caught Eliot Spitzer
• Eric Zitzewitz’s 10 minutes of fame
• Fun with conditional probabilities
• Wrongly Crafted Headlines Of The Day
• an American, petite, very pretty brunette, 5 feet 5 inches, and 105 pounds