Prediction markets tend to be so illiquid, though, that mere activity looks like volatility. Posted on April 14, 2008 by admin Excellent comment from our national Jason Ruspini.[Conversation started off at Felix Salmon’s.]– Related PostsWORLDS MOST EXPERIENCED PREDICTION MARKET PRACTITIONER CASTS A DOUBT ON THE VALIDITY OF MSR, IN USE IN MOST PUBLIC PLAY-MONEY PREDICTION EXCHANGES AND IN MOST ENTERPRISE PREDICTION EXCHANGES.One Wall Street / Chicago fanboy hopes that political prediction markets will soon be proposed by the established derivative exchanges, who work more professionally than InTrade (in his view).Midas Oracle is the only publication that defends the event derivative traders (even when they are too sarcastic, boisterous, or annoying) -at the risk of infuriating the prediction market big brass.