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.