Can Prediction Markets Replace Polls in Politics?

Westin: This is a story about telling the future, or at least discounting it by paying attention to a whole lot of other people telling the future. The business of making a market and futures contracts tied to events is exploding. They may be fun, they may make some people some money, but do they tell us anything about what is around the corner.-I think our goal for the extra markets is really to allow every person that has an opinion on something to find their market and that big event that they care about ...