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“Prediction Markets”

Chris F. Masse has put together some great links in the field of “prediction markets“. I am the first to admit this use of the term “prediction” is misleading. It reminds me of the term “managed futures”. Everyone uses it even if it is confusing. The action on these new exchanges is about following the trend, not predicting it.

Hedgestreet.com, mentioned fondly by Chris above, continues to innovate. They have added silver now.

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