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As I understand it:
– Prediction market consultancy in Portugal-
– They probably licensed Xpree‘-s software for enterprise prediction markets. UPDATE: They created their own software for enterprise prediction markets.
Best wishes to them.
–
As soon as that un-informed comment hit Google Reader, I received, in my e-mail inbox, proof that some prediction market vendors are doing very well lately, as prestigious Fortune-500 companies have been joining the ranks of organizations trying out enterprise prediction markets as their internal forecasting tool. Some of these names will be made public later on, I hope.
All the prediction market vendors I know of are bullish.
Bo Cowgill:
Google and Yahoo are working with a number of other companies to join us for a larger announcement. We already have some lined up, and are looking for more. Some Midas Oracle readers might have already been contacted or will be contacted shortly —- we are still interested in working together.
Stay tuned! If your company would like to support our effort (or if you know someone at a company that might be interested), please be in touch.
Also:
1. Although our coalition is called “-Coalition for Internal Markets,”- our petition discusses public markets used for business as well.
2. The signatories from Google and Yahoo! were Hal Varian and Preston McAfee, two senior execs and Chief Economists at Google and Yahoo.
For aspiring practitioners and those intrigued by the applications of collective intelligence in the workplace, the typical prediction markets conference can be frustrating for lack of focus on practical knowledge and hands-on experience with the tools. That’-s why NewsFutures is organizing a Wisdom of Crowds Consulting Workshop, in New York City, on October 27.
It is designed primarily for business consultants who would like to acquire working knowledge of “-WOC”–based solutions, or for the manager looking for some hands-on experience while considering the potential of this approach for his or her company.
The one-day program will cover:
If you are interested, please follow this link for more information about the venue and how to register.
I look forward to seeing you in NY, home of the world’-s financial meltdown!
WSJ on Best Buy’-s enterprise prediction markets —- $$$ —- Use this trick to access the content.
APPENDIX: A good blog post on enterprise prediction markets
Prediction markets: the future of decision-making – Companies are now making business decisions based on information employees provide via internal trading systems. – The Times of London – 2008-09-04
“-We use them [“them” = the enterprise prediction markets] as another point in the decision-making process, alongside asking experts and other business leaders,”- said Christina LaComb, a computer scientist in the R&-D lab at GE.
OK. You’-re using enterprise prediction markets- you’-ve gotten your name in the newspapers- you’-re “-cool”-.
And our good friend David Perry’-s gotten your money.
But do your event derivative traders have the same access as you do to “-experts”- and other “-business leaders”-?
Or do you leave them in the dark? In that case, your enterprise prediction markets would be clueless, useless, and worthless.
iPredict New Zealand
iPredict New Zealand is a legal, real-money prediction exchange organizing real-money prediction markets. They can also provide support for enterprise prediction markets.
iPredict New Zealand has been declared a futures dealer by the New Zealand Securities Commission, which means iPredict is treated as an exchange under securities law.
Best wishes to them.
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