Prediction Markets are one of the hottest new trends in social networking. If you don’t know what a prediction market is, don’t feel like you’re on your own.The concept is not quite mainstream enough to be a household word yet.
Prediction Markets leverage a community of users to make predictions about future events. Although the predictions are not always correct, prediction markets have proven to be quite accurate when compared with traditional methods of predicting future trends. Many companies are jumping on the bandwagon to find out exactly what they can do to improve their position in a given market.
If you want to take a spin, take a look at some of the more interesting prediction markets available on the web at this time.
ABC Futures Market focuses on pop culture trends, especially those that relate to recent ABC programming.
Fantasy Blog Stock Market has its emphasis on top rated blogs. Users buy and sell fantasy stock of strong blogs. A good place to see what has potential in the blog world.
Yahoo Tech Buzz Prediction Market follows technology trends and attempts to predict what will be hot tomorrow.
Financial Times Prediction Market has a strong emphasis on political and financial trends.
Foresight Exchange offers a wide scope of target predictions to buy and sell.
Hollywood Stock Exchange highlights the top trends in the Hollywood community.
Inkling Markets powers many of the prediction markets out there. If you want to form your own prediction market, this is a good place to start.
Media Predict promises to find out what news will generate the most buzz.
Newsfutures is designed to offer a forcasting tool for product and marketing development.
POPSCI focuses on popular tech and science predictions.
Protrade is an exchange services primarily the fantasy sports world.
The Sim Exchange focuses on the video gaming industry.
Trendio offers a wide range of trends to predict.
Urladex predicts what URL’s it’s users think will be hot.
VideoIPO looks for the next big trend in online videos.
Wagerline primarily serves the sports handicapping community.
The Washington Stock Exchange. Who and what is hot on the hill?
ZiiTrend the most diverse of the prediction market sites. There is a lot of good material here.
Will prediction markets change the way that we make decisions? In some cases, it is likely. This kind of insight into future potentials is tough to ignore.
Until next time, happy blogging.
Megadisclaimer: Take nothing at face value. Everything on this blog is for entertainment purposes. It won’t change the world, or even your opinion in most cases. If you believe everything that you read stop reading now!
April 26th, 2008 at 6:30 pm
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