The Intrade bettors expected Mr. Obama to end up with 364 votes in the Electoral College -one less than he actually got.

My remark to John Tierney: InTrade got it [almost] spot on because they were wrong on Missouri (which was predicted to go for Obama but went to McCain) and wrong too on Indiana (which was predicted to go for McCain … Continue reading

2008 US electoral college: What I am betting on.

PollTrack: – I like the way they color this electoral college map &#8212-with 5 colors only (simplicity is good). It is very clear and usable, I believe. You can see 6 states in gray (&#8221-too close to call&#8221-). I am … Continue reading

Midas Oracle thanks these guys for participating (by publishing posts and/or comments) in our ongoing discussion about the social utility of the prediction markets.

Tom W. Bell – Tom Bell – Post Archive at Midas Oracle – (Post Feed) – Professor – Law (Chapman University) – Blog: Agoraphilia – California, U.S.A. Caveat Bettor [pseudonym] – Post Archive at Midas Oracle – (Post Feed) – … Continue reading

Mystification, demystification, value assessment, and prediction markets – REDUX

A little explainer on my previous post, as I got some feedback on it. – #1. Yes, the measure of the usefulness of an idea or theory is the number and the quality of web links it receives. – Google … Continue reading

Washington Mutual is seized by the US government.

– New York Times – Another one bites the dust: (Sorry for those who have a narrow screen and don&#8217-t see the right part of this big chart.) – According to InTrade, here are the banks that could fail next: … Continue reading

ProTrade vs. Sports Derivative Exchange

I asked Chris Hibbert whether they are &#8220-exchanges&#8221-. Chris Hibbert: It looks like it from a cursory glance. In both cases, you can buy and sell, and the prices appear to be set by market interactions rather than institutional fiat. … Continue reading

2008 US Presidential and Congressional Elections Prediction: The Sarah Palin effect has partially evaporated, but its remains point to a close race, come Tuesday, November 4, 2008.

– #1. Explainer On Prediction Markets – Prediction markets produce dynamic, objective probabilistic predictions on the outcomes of future events by aggregating disparate pieces of information that traders bring when they agree on prices. Prediction markets are meta forecasting tools … Continue reading