WSJ Covers the Prediction Market

The WSJ is going to start a regular column that follows the elections via the prediction market. In my opinion, it's columns like these that support the reliability of inTrade as the best predictor of the outcome of uncertain future events. As the WSJ columnist points out, it seems that way too many people hopelessly read between the lines of all the pundits to try to figure out how a future event might end up.

The results are compelling:
"More recently, in the 2004 primaries, prediction markets pointed to the disintegration of Howard Dean's candidacy in advance of the fateful Iowa caucuses. In the 2004 presidential election, the market favorite won the Electoral College in all fifty states; in 2006 the markets also picked every Senate race."