Prediction Market Questions
Institutional and enterprise sponsors of the next prediction market cluster in Feb 2010 are asking these specific questions in preparation for their implementations.
(1) Can prediction markets improve on traditional forecasting methods?
(2) Are prediction markets legal?
(3) Are prediction markets politically correct? E.g., is it gambling?
(4) Do prediction markets save money?
These questions and others are resolved by the PM Cluster’s focus on Next Practices and system dynamics.
Leading the market conversation and proven implementation approaches is central to creating success and prosperity with organizational prediction markets and broad collective intelligence initiatives. See:
I am running out to a meeting so quick reply to the good questions below.
in CAPS for clarity. (1) Can prediction markets improve on traditional forecasting methods? – Yes.
(2) Are prediction markets legal? - Yes depending on construct and domicile
(3) Are prediction markets politically correct? E.g., is it gambling? - Generally yes but I guess a lot depends on the "politician".
(4) Do prediction markets save money? - For some yes but a lot depends on the implementation.
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