Midas Oracle thanks these guys for participating (by publishing posts and/or comments) in our ongoing discussion about the social utility of the prediction markets.

Tom W. Bell – Tom Bell – Post Archive at Midas Oracle – (Post Feed) – Professor – Law (Chapman University) – Blog: Agoraphilia – California, U.S.A. Caveat Bettor [pseudonym] – Post Archive at Midas Oracle – (Post Feed) – … Continue reading

Mortgage Crisis -> Credit Crisis -> Financial Crisis -> Economic Crisis -> THE GREAT DEPRESSION

Feed readers: Download this post to be able to watch this CBS 60 minutes video on the credit crisis. – Watch CBS Videos Online

Mystification, demystification, value assessment, and prediction markets – REDUX

A little explainer on my previous post, as I got some feedback on it. – #1. Yes, the measure of the usefulness of an idea or theory is the number and the quality of web links it receives. – Google … Continue reading

Prediction Market Definition -now updated with the name of Chris Hibbert and Eric Cramptons cult leader built into.

Prediction markets produce dynamic, objective probabilistic predictions on the outcomes of future events by aggregating disparate pieces of information that the traders bring when they agree on prices. These event derivative traders feed on the primary indicators &#8212-i.e., the primary … Continue reading

ProTrade vs. Sports Derivative Exchange

I asked Chris Hibbert whether they are &#8220-exchanges&#8221-. Chris Hibbert: It looks like it from a cursory glance. In both cases, you can buy and sell, and the prices appear to be set by market interactions rather than institutional fiat. … Continue reading

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 – Prediction markets produce dynamic, objective probabilistic predictions on the outcomes of future events by aggregating disparate pieces of information that traders bring when they agree on prices. Prediction markets are meta forecasting tools … Continue reading

Reuters partner with HubDub.

YOU HEARD IT ON MIDAS ORACLE FIRST. Once again, we out-scoop Freakonomics and Overcoming Whatever. – HubDub: Reuters partners with Hubdub to put a presence on the prediction market site. Reuters is pleased to announce their new presence on Hubdub, … Continue reading

2008 US Elections Prediction: John McCain is now the favorite at InTrade, while all the other prediction exchanges still have Barack Obama ahead. Is InTrade quicker to incorporate the latest polls because of the bigger liquidity of its prediction markets?

– #1. Explainer On Prediction Markets – Prediction markets produce dynamic, objective probabilistic predictions on the outcomes of future events by aggregating disparate pieces of information that traders bring when they agree on prices. Prediction markets are meta forecasting tools … Continue reading