Darjeelink - Alexis Perrier

Prediction Markets in Mainstream Medias

There are nowadays a lot of media citing prediction markets as a reliable source of information.
Regarding the democratic nomination, in the last few days, prediction markets have been extensively and frequently taken as proof / illustration of Clinton having no hope of winning the nomination. As the markets reacted to the North Carolina / Indiana primaries with booming Obama stock prices and Clinton prices falling to new lows. Each article of these major media outlets generates in its turn other articles in lesser medias and a lot of buzz through blog posts and comments.
This tends to show that prediction markets have really reached a new stage in their evolution towards mainstream awareness.

• Clinton’s stock falls to new low MSNBC - May 7, 2008
• Clinton campaign entering its twilight Raw Story, MA - May 8, 2008
• Taking Bets? Bookies Give Clinton Long Odds FOXNews - May 8, 2008
• A Split Decision With a Clear Winner The Wall Street Journal May 7, 2008
• Parsing the Indiana and North Carolina Primaries New York Times Blogs, NY - May 7, 2008
• Regulator eyes bets on weather, election results Globe and Mail, Canada - May 2, 2008
• Prediction market online The Dominion Post, New Zealand - May 13, 2008
• Traders’ Calls Just as Bad On Elections The Wall Street Journal, May 13, 2008
• Government Stifles the Wisdom of Crowds RealClearPolitics, IL - May 13, 2008

Tags: Clinton, Mainstream, Media, Obama, Prediction markets