Inkling is a Chicago company that runs prediction markets, with a public/demo site (the topic of this post) and various white-label offerings for companies, organizations, and academics who want to run their own markets.
Sports, politics, and entertainment markets are the most common. Ed Vielmetti has been opening some Ann Arbor prediction markets. Markets on the public site tend to be kind of thinly traded. But there’s enough activity that you can trade around for short-term profits. I’ve used inkling for about four days and currently have most of my assets tied up in academy award markets, so I could be in a tight spot tomorrow depending on how bored/frustrated the Oscar judges turned out to have been with this year’s nominations.
You can find out more about prediction markets by combing through the prediction+markets on del.icio.us or reading inkling’s markets 101 guide.
Update 2007-02-28: inkling blog widgets removed, they were using some terrible CSS.
Ben Parzybok | 25-Feb-07 at 8:56 pm | Permalink
Good luck tonight. I noticed the departed has trended radically upwards since this post…I hope your millions are in the right place. Inkling looks great.
Edward posted about prediction markets/crowd wisdom at WT here. I’ve opened a market on Inkling as an experiment.
Ben Parzybok | 26-Feb-07 at 3:39 am | Permalink
update: market is here. -b
Brian | 26-Feb-07 at 9:00 am | Permalink
Thanks for setting that up! There are enough people on walker tracker that this could become a pretty active market in an ideal world.
I really liked Ed’s thought about using the walker tracker points/score as currency in some way. That could be pretty tricky to do right, though.