Is it time for a Prediction Market Institute dedicated to scientific advancement and engineering innovation in prediction markets?
On the face of it, the concept is ludicrous: there is no “Support Vector Machine Institute”, for example. But a bunch of tech companies have PM research efforts of some sort, including Google, HP, Microsoft, and Yahoo!. Folks at these companies have come together to lobby, to speak, and to exchange academic research results. Would YaHPooglesoft fund such an institute? If not, who? Chris Masse, who adds “PM journalism” to the list of institute goals, is on the case.