A very interesting concept. You bet ‘moolers’ on certain predictions (Hillary will contest 2008 Election, And Indian will set foot on the moon by 2020, etc.) and if they come true, you pocket the difference between your (‘strike price’ and 100) * number of shares you have.

Very neat concept. From what I am reading, these predictive markets are now increasingly being used by commercial organizations like HP and even Department of Defense to predict certain events.

It is currently in ‘invite only’ mode and there are some pretty interesting predictions listed that can be traded on.

I remember seeing something like this before - Bollywood Stock Exchange or such. There was also a Cricket Stock Exchange, if I am not mistaken.