DIY Prediction Markets

logo_031107.pngWell no doubt this has been around the net for months, but this is the first I saw of it. Prediction markets, ready go go on the net – well pretend ones – with token bets. These guys could make a lot more money – and we’d have better markets – if you could bet real money. But it doesn’t seem to be possible.

Perhaps some enterprising Troppodillian will set a betting market up for us.

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3 Responses to DIY Prediction Markets

  1. Andrew Leigh says:

    wed have better markets if you could bet real money

    We have some evidence on this point. It turns out that play money markets are actually pretty good.

  2. That’s the trouble with Andrew Leigh. Picking arguments in which he plans to fight dirty – by using evidence. Very unfair.

  3. Greg says:

    I’ve been enjoying myself with Media Predict. They’re about to announce the book deal finalists, and I’m still hopeful for some of my predictions “paying” off.

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