Tuesday, July 3, 2007

iPredict...The Start Of A Trend

MSNBC recently launched its own online political prediction market at MSNBC.com Even after commuting Scooter Libby's sentence yesterday, participants still think President Bush will soon let Scooter skate scott free. Still, even if Bush pushes a full pardon, he is much less likely to fill another Supreme Court vacancy, at least according to the wisdom of the MSNBC crowd.

The cable network isn't the first news organization to announce its foray into political futures. Earlier this year, The Financial Times partnered with Intrade.com to create a fake-money trading game called FTPredict,where users compete for prizes by predicting the 2008 presidential nominees. The Chicago Sun-Times and ABC-KGO San Francisco have both launched prediction markets to track a variety of current events and, as noted here previously, Slate is pooling political prediction market results in the run-up to the 2008 election.

Which media organization will be next? Let the predictions begin!

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