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Bet on the Future

Post over at TechCrunch reveals the launch of a startup called Nostradomical which encourages users to vote on future events. This newcomer is In good company with other companies like HubDub, Predictify, NewsFutures, The Foresight Institute and Intrade. Interestingly enough, Intrade allows you to bet real money for real returns while Predictify only gives cash prizes. Prediction markets seem to be a hot thing to the point where there is even a Prediction Market Industry Association (PMIA). In fact, it would seem that some have even proposed prediction markets as a way to drive, or even replace, government. I’d bet that a futarchy is a bad idea.

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