A look back at 2007 and Prediction Markets
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2007 has been an interesting and exciting year in prediction markets. More and more people and companies are trying out prediction market technology, and they are becoming increasingly cited in the press.
Here are some of what I consider highlights from 2007:
Chris F. Masse is a tireless blogger. His blog, nominally centered on prediction markets, discusses everything from prediction markets to betting markets to quite a few random rants / tilting at windmills.
The Midas Oracle main site is probably only suitable for people with a strong interest in prediction markets, but the site’s sub-feed of “Best Posts only” certainly serve a much greater audience. Started at the end of 2006, it’s certainly a valuable place for daily news on prediction markets. (Other than the low-traffic Google Group, it’s the only place to interact with all of the scholars and practitioners of prediction markets!)
* Prediction Markets Industry Association
The Prediction Markets Industry Association was founded at the London Prediction Markets conference in October 2007. The draft by-laws have been circulated, a first website has been established, and 2008 should see much more growth for the PMIA.
* Best Buy rolling markets out to every employee
This is one of the most exciting developments of 2007, though something that certainly hasn’t hit the mainstream press, yet. This should be an excellent test of everything that the prediction market community has been discussing for the past number of years.
Finally, I’m proud to have developed a few resources for people interested in prediction markets.
- Video on “What is a prediction market?”
- Video on “How can I use a prediction market in my business?”
- An organisation’s guide to prediction market software
- General Prediction Market resources on Squidoo
I look forward to an exciting 2008 with all of you!