Friday, January 11, 2008

(01.11.08) Recommends:

Intrade is the prediction market that nobody can stop talking about, and during this election season it will become the place to watch. It called Obama's Iowa victory, and it became clear Obama was going to lose NH very early (although, in the interest of full disclosure, it had Obama at 95% chance of winning NH at the start of the day; but by the first precinct reporting, it dropped him to under 30% -- presumably because people with exit polls began trading). Intrade is really great. It's like working on Wall Street, what with all the fancy charts and graphs, but it predicts things that seem much more interesting to us than the price of stocks. Our main beef with the site is that it has no market on predicting the winner of Project Runway Season 4. Inexplicably -- and perhaps against our better judgment -- we've become obsessed with PRS4. And equally inexplicably, you cannot (yet!) trade the winner on intrade.

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