Comments on: Intrade’s Chad Rigetti Talks Predictive Markets, Political Polls, and Xanax http://www.businesspundit.com/intrades-chad-rigetti-talks-predictive-markets-political-polls-and-xanax/ Entrepreneurship, Startup Companies and Business Philosophy Sat, 20 Mar 2010 01:45:14 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: dobbsfox http://www.businesspundit.com/intrades-chad-rigetti-talks-predictive-markets-political-polls-and-xanax/comment-page-1/#comment-10309 dobbsfox Tue, 04 Nov 2008 15:18:31 +0000 http://www.businesspundit.com/?p=6283#comment-10309 I've followed InTrade for a while as well. It's a great concept, but the number of users delcined substantially after Congress passed online gambling legislation that makes it very difficult to get money out of the country and into accounts like InTrade's. For example, they have a daily market for Dow prices that is a trickle of what it once was. IMO, the sample sizes on any InTrade market are much to small and biased to be considered useful for accurate predictions. I still check into it, though, to see where the international speculators are putting their cash. I’ve followed InTrade for a while as well. It’s a great concept, but the number of users delcined substantially after Congress passed online gambling legislation that makes it very difficult to get money out of the country and into accounts like InTrade’s. For example, they have a daily market for Dow prices that is a trickle of what it once was.

IMO, the sample sizes on any InTrade market are much to small and biased to be considered useful for accurate predictions. I still check into it, though, to see where the international speculators are putting their cash.

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