Pretweeting: Twitter Gets a Prediction Market
Think you know what the next hot Twitter trend will be? Now you can put your money where your mouth is. Prediction markets have been a growing trend in recent year. It is essentially a stock market for future events and decisions. For example, people can buy or sell against a specific occurrence – like whether or not the Democrats will lose seats in the 2010 election. With thousands of people buying and selling on that occurrence, you can come up with a prediction that essentially utilized the crowdsourcing of open markets. Now the prediction market has come to Twitter with PreTweeting, a new website that lets you buy specific words being used on Twitter and gives you $10,000 in virtual currency to do it.
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Pretweeting: Twitter Gets a Prediction Market
