Prediction Markets and March Madness
March 17th, 2009I wanted to take a minute and mention that HubDub is running a March Madness “Predict-A-Thon” prediction market tournament. For someone like myself that hasn’t followed college basketball in a while, this is a far more interesting way to see the tournament unfold.
As I write this, Jason Trost of Smarkets fame is currently atop the leaderboard, but I expect this may very well change over the course of the next days/weeks. HubDub’s founder Nigel has climbed from the basement of the list, where he was third from the bottom in the early days!
HubDub is trying out a new model with this tournament, and will be awarding cash prizes to the top traders! If you think you’ve got what it takes just click here to sign up now.
On a final note, I’d like to say that it’s about time that my alma mater’s basketball team, the University of Michigan Wolverines, finally made it back to the NCAA tournament. Unfortunately, this was likely due to cosmic imbalance in sporting karma from the Wolverines football team collapsing this year. It would be great if they could at least make it through the first round of the tournament to start evening things out a bit.
