Im a big believer in the market, that it is the best way of aggregating information. Due to the law of supply and demand and profit-seeking, it has a better idea of what a price should be than any other way of determining prices.

Brian Shiau (of The Sim Exchange) interviewed by Reuters.

Shiau hired an analyst, Jesse Divnich, to help interpret the exchange&#8217-s data and provide commentary.

Jesse Divnich&#8217-s research reports

I like that. I think it should be made a rule that the person reporting on a set of prediction markets should have an expertise in the topic covered by those prediction markets. Example: the journalist reporting on the US political prediction markets should be a full-day political analyst &#8212-as opposed to a business/economics professor (or else) who spends most of his/her time outside of politics. We would have more insightful reports.

Author Profile&nbsp-Editor and Publisher of Midas Oracle .ORG .NET .COM &#8212- Chris Masse&#8217-s mugshot &#8212- Contact Chris Masse &#8212- Chris Masse&#8217-s LinkedIn profile &#8212- Chris Masse&#8217-s FaceBook profile &#8212- Chris Masse&#8217-s Google profile &#8212- Sophia-Antipolis, France, E.U. Read more from this author&#8230-

Read the previous blog posts by Chris. F. Masse:

  • Barack Obama is the 44th US president.
  • We already have prediction markets in future tax rates. It’s called the municipal bond yield curve.
  • O’Reilly – Money-Tech Conference
  • Google Profiles
  • Event Derivative Exchange HedgeStreet is baaaaaaaaack… from the grave.
  • Sports Derivative Forum