There are at least two kinds of prediction market consultants, actually.

#1. The prediction market consultants (a la Emile Servan-Schreiber or Jed Christiansen or Alex Costakis) who help PM-interested executive/managers with the technicalities.

#2. The world-renowned consultants or economists (like Hal Varian or Robin Hanson or Steve Levitt or else) who are uniquely positioned to convince top executives about the social utility of prediction markets as an internal forecasting tool. They command respect in the business world, and mid-level managers can use their support to convince senior managers on setting up a corporate prediction exchange.

Do you, folks, agree with my quick nomenclature??

QUIZZ OF THE DAY: What was the name of the computer in that movie, Space Odyssey?

Previous blog posts by Chris F. Masse:

• The CFTC is going to close the comments in 15 days. We have 15 days left to convince the CFTC to accept FOR-PROFIT prediction exchanges, and counter the evil petition organized by the American Enterprise Institute (which has on its payroll Paul Wolfowitz, the bright masterminder of the Iraq war).
• The CFTC is going to close the comments in 16 days. We have 16 days left to convince the CFTC to accept FOR-PROFIT prediction exchanges, and counter the evil petition organized by the American Enterprise Institute (which has on its payroll Paul Wolfowitz, the bright masterminder of the Iraq war).
• Brand-new scientific report certifies that starting off the Large Hadron Collider is NOT going to destroy the Earth. Glad to hear that. It means that any bets entertained on the LHC issue will be able to be resolved and winnings to be collected in the end.
• Small Business = GOOD — Big Business = BAD
• The letter David Pennock will never send out —well, we hope.
• Monitor the web traffic of TradeSports.com, InTrade.com, BetFair.com, Betdaq.com, NewsFutures.com, HubDub.com, etc. —thanks to Google Trends.
• Here’s the way to promote innovation for entry-order and analysis software packages —separate the 2 functions.