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Technology Review Launches Futures Market

Posted by CowboyNeal on from the betting-chips-on-chips dept.

prostoalex writes "MIT Technology Review launched a futures market, allowing people to bet on ideas. A similar concept was at some point introduced by the Pentagon, but later the project was shut down. Currently you can bet on major stock indices, on answers to yes/no questions ('Will Oracle acquire PeopleSoft Inc before March 31st, 2004?') and technological achievements ('When will there be a commercially available electronic device using ultrawideband technology?')" Although the game doesn't use real money, the prizes are pretty swell. I like to think of it as the nerd's version of sportsbook.

5 of 160 comments (clear)

  1. Will the closed internet at USC/Berkley get hacked by lb746 · · Score: 0, Offtopic

    I think the outside world is going to find a way to tap into this 'closed internet'. I can't wait to see the reactions to something like this.

  2. Dupes... by Webtommy88 · · Score: 0, Offtopic

    Here's a good one: When will /. stop posting dupes?

  3. I'd like to know... by Zebbie · · Score: 0, Offtopic

    How much wood could a 500Ghz transistor chuck if a 500Ghz transistor could chuck wood?

  4. $50 bet on all first posts . . . by Newt-dog · · Score: 0, Offtopic
    I bet $50 that all first posts on /. will be lame one-liners by anonymous cowards and then modded down.

    Newt-dog

    --
    My Doctor prescribed daily nasal saline irrigation, hehe
  5. Re:$50 by Michael+Crutcher · · Score: 0, Offtopic
    You're a fucking moron.

    $50 this gets modded flamebait rather than funny.