Thursday, September 04, 2008

The Future of Polling

Since betting real money keeps people honest (to reduce their loses), markets with real money are considered a much better indicator of opinion than a mere poll — which has no “penalty” for being less than honest. But real money prediction markets are (stupidly) illegal in the US. So token markets like Long Bets and Bet2Give are devised to innovate around the law.

Kevin Kelly.

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