Intrade-ing towards 2012

A good example of using prediction markets for forecasting purposes comes today from the American political left.  Talking Points Memo consults the Intrade futures site to suss out the US presidential election.

Some good criticism of prediction markets there.  Be sure to check the reader response email, included in the post’s second part.

For historical flavor, here’s a shot of Intrade 3 years ago:

Intrade in 2008

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