Intrade
30/10/07 16:56
So in Business-Government Relations class today my
professor showed us a pretty neat website. Check out
Intrade. It's like the
futures market or a gambling site, whichever you
prefer. The site allows people to bet on the
outcomes of events such as elections, trials,
etc. Perhaps the most fascinating is the 2008
Presidential election. Things aren't looking so
good for the Republicans, at least according to
people's bets. The site acts as a gauge for
people's anticipatory feelings and guesses. On
the subject of the 2008 election, those betting
could certainly be Republican voters, but feel
that the Democrats will win in '08. So, it's not
forecasting the actual better's preferences, but
their moods and beliefs. Interesting.
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