Word: publicgyan
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Dates: during 2005-2005
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...prices. Prediction markets now let people bet on everything from sports scores to election results to the expected capture of al-Qaeda bigwig Abu Mousab al-Zarqawi. Some of the best of those online markets: the Hollywood Stock Exchange, the Iowa Electronic Markets, Yahoo's Tech Buzz Game and PublicGyan. InTrade, run by the Trade Exchange Network, an Irish firm, cleared 50,000 contracts last month (including 10% odds that al-Zarqawi will be caught in 2005). "There's a tremendous demand for prediction," says Justin Wolfers, a markets expert at the University of Pennsylvania's Wharton School...
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