eLab eXchange – Will Twitter Rule the World?

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Will Twitter Rule the World?

Rising along side of the social networking revolution, Twitter, the short message and microblogging service, has become nearly as popular as social network sites like Facebook. With China blocking Twitter on the anniversary of Tienanmen Square, and Time magazine publishing a &#8220-how-to,&#8221- it&#8217-s fair to say that Twitter is now a global mainstream phenomenon.

Join us at the eLab eXchange and judge which ideas have the greatest potential for using Twitter as global a marketing tool.

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Important reminder for those interested in the Open Institute Of Prediction Markets

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Do become a member of our LinkedIn group on Prediction Markets, today.

we are now 173.

More information here.

Tonite, I will send an out e-mail to 2 or 3 persons to ask them, if they are kind enough, to review the mission statement of the Open Institute Of Prediction Markets and give me feedback. Many prediction market people and prediction market companies already told me that the concept is very &#8220-interesting&#8221-. It is a good start.

P.S. It won&#8217-t be called the &#8220-Open Institute Of Prediction Markets&#8221-, actually. (You think I am stupid enough to tell all publicly?)

At inception, I created an Internet usability category, and, since, I have published many Jakob Nielsen stories. Many wondered why I would bother. Now, the Midas Oracle readers can understand why.

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These traders are talking down the newly redesigned Hollywood Stock Exchange website.

[They guy above has misspelled, two times. He meant: “unusable“.]

Previously: #1 – #2#3#4

UPDATE: Traders talk on Twitter about HSX.

Thanks to the HubDub guy for the tip.

InTrade DOT NET – www.intrade.net

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This post is a very short review of their new website. I might publish a deeper review, later on.

The log line is that InTrade CEO John Delaney has ingested all the innovations that HubDub has brought to the prediction market scene since January 2007 (e.g., long and rich prediction market webpages that are indexed by the search engines, and use of social networking to boost trading) and has asked his technological team to clone those innovations for InTrade. This is great. I also appreciate that their charting system is satisfying. (The advanced charts seem to be of the right size, I have noticed. Neither too small, nor too big.)

On the negative side, the execution is not as good as it should be &#8212-and I&#8217-m polite. But to be fair with them, they say their website is still in &#8220-beta&#8221- &#8212-so let&#8217-s give them time to improve their work.

Overall, it&#8217-s a good move, and it shows, as I have said for months, that Nigel Eccles of HubDub is having a profound impact on the prediction market industry.

UPDATE: I forgot to mention that InTrade.net presents probabilities expressed in percentage, not prices, which they also took from HubDub.

Predictify gets the X Groups concept right.

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#1. X Groups

Predictify is unveiling a two-way interaction between their prediction platform and the blogs out there.

  1. FROM THE BLOGS TO PREDICTIFY: Number one, there is now a customized prediction widget that bloggers can embed in their blog posts so that their readers can vote within each blog post &#8212-without leaving the blog.
  2. FROM PREDICTIFY TO THE BLOGS: Number two, there is now a trackback widget that bloggers can embed in their blog posts so that the blog readers can click and be connected to relevant questions on Predictify, based on the content in that particular post. As soon as one of the blog readers clicks a highlighted question, that question will have (on the Predicitif webpage) a trackback to the blog post &#8212-theoretically pulling traffic from Predictify to that blog. The first problem with this second feature is that only the most popular trackback will be published on the particular Predictify webpage, as I understand it. I don&#8217-t see how bloggers could be interested if there is no guarantee that their trackback will actually appear. The second problem is that we don&#8217-t know whether Predictify abides by the &#8220-do follow&#8221- policy, which is a way for a website to injects Google PageRank juice to the website it links to. (The opposite policy is called &#8220-no follow&#8221-.) Only the &#8220-do follow&#8221- approach would get bloggers interested in that scheme. Predictify should clarify that.
  3. UPDATE: All the trackbacks will appear. They will be sorted by popularity. And, yes, Predictify has a &#8220-do follow&#8221- policy. :-D

#2: Social Networking

I&#8217-m told that Predictify will soon unveil a FaceBook application. We will see whether it&#8217-s Predictify working on FaceBook or Predictify woking with FaceBook. See the difference? (YooPick works on FaceBook, not with FaceBook.)

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Do join the Prediction Markets group at LinkedIn, if you have a strong interest in the prediction markets or if you work in the prediction market industry. Its free, and thats a way for the LinkedIn visitors browsing stuff about prediction markets to stumble upon your resume / profile.

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HubDub = Prediction Exchange + News Aggregator + Social Networking System

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By how much will Porsche&#8217-s profit be higher than its turnover?

Interesting new prediction market at HubDub.

What I have just realized is that the most sociable of the HubDub traders (like the one who created the question above) can drive many of their &#8220-friends&#8221- to their newly created prediction market(s). I used to think that only a blogger would do that &#8212-I was wrong. HubDub has a performing social networking system that works in symbiosis with its prediction exchange. Very efficient.

The more I dive into HubDub the more I find it smart and well structured.

Heres how to create a huge buzz in the Blogosphere about the prediction markets and multiply the web links pointing to the InTrade, TradeSports, BetFair, TradeFair, Betdaq, Iowa Electonic Markets, Hollywood Stock Exchange, NewsFutures, Reality Markets, YooPick or HubDub websites.

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Create a &#8220-friending&#8221- system, on the side of your prediction exchange, so that traders can share their readings, trades and tips with their web acquaintances and friends.

Invite some big bloggers into the system. It is not necessary that those big bloggers use the service.

Put the names of these bloggers as the by-default choice in the landing page of your &#8220-friending&#8221- system, so that each newbie is prompted to become a &#8220-friend&#8221- of those big bloggers.

– Of course, the number of &#8220-friends&#8221- of those big bloggers will grow dramatically by the minute. After a while, the numbers of &#8220-friends&#8221- of those big bloggers will become impressive.

– Then, what happens is that those big, infatuated bloggers will notice the big number of &#8220-friends&#8221- they got on that &#8220-friending&#8221- service (which they don&#8217-t use), and they are going to start bragging about that on their respective blog &#8212-linking to that &#8220-friending&#8221- website, and thus, sending more newbies to it, and injecting PageRank juice into it.

– The best scenario is one where that &#8220-friending&#8221- service is seen as prestigious, and there is a competition going on between the big bloggers about who is going to have the longest.

– Success guaranteed.

If you wondered why the big bloggers in the field of information technology are all talking about FriendFeed, then watch that video.

Previous blog posts by Chris F. Masse:

  • The John Edwards Non-Affair gives us an opportunity to look deep into the caldron of the wisdom of crowds.
  • We Plug This British Betting Blog On Midas Oracle Because We Like Its Name.
  • 24 hours after the launch of the “Prediction Markets” group at LinkedIn, we have already 39 members —both prediction market luminaries and simple people (trading the event derivatives or collecting the market-generated probabilities).
  • That was ubber world star Barack Obama in Berlin, during his July 2008 speech at the Victory Column. Spot all the digital cameras pointing to the socialist Messiah. Snatching something to bring at home — “see, I was there”.
  • If you want your affiliation with the “Prediction Markets” group to appear on your LinkedIn profile, then click on “Edit Public Profile Settings”, and check the “Groups” option.
  • If you want to connect with InTrade CEO John Delaney on LinkedIn…
  • Do join the “Prediction Markets” group at LinkedIn, if you have a strong interest in the prediction markets or if you work in the prediction market industry. It’s free, and that’s a way for the LinkedIn visitors browsing stuff about prediction markets to stumble upon your resume / profile.

FACEBOOK AND LINKEDIN: How to deal with unwanted friend requests, the ethics of de-friending, and other social networking etiquette predicaments.

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Previous blog posts by Chris F. Masse:

  • Midas Oracle is only 6 times smaller than Fred Wilson’s blog, “A VC”.
  • The best blogs on prediction markets
  • The New Republic profiles the next Vice President of the United States of America —Jim Webb, maybe.
  • No Trades (other than at the start) —-> Not a reliable predictor, as of today
  • How you should read Midas Oracle
  • The best prediction exchanges
  • “There will be no media consumption left in ten years that is not delivered over an IP network. There will be no newspapers, no magazines that are delivered in paper form. Everything gets delivered in an electronic form.”