If you have clicked all the links I have provided and still don’t understand why a futures market would have been a good thing, look at the Dean phenomenon. For months now, people in the blogosphere have been talking about Dean- we pay attention to politics, we read more than your average bear, and we certainly bounce our ideas off more people than your average person. Thus, it is NO SURPRISE to anyone in the political circles of the blogosphere that Dean is doing well.
Meanwhile, in the traditional press, nary a day goes by without a story discussing the shocking revelation that Dean has a chance to win. From the Times today:
Howard Dean has burst from obscurity in a crowded field of Democrats to rank among the top contenders for the party’s presidential nomination.
No kidding. We were telling you this months ago. And if you don’t think that sort of predictive capacity would have been useful in the war on terror, you are just foolish beyond words.
What I can’t understand is why they needed $8 million to establish a marketplace when a perfectly useful one already exists at tradesports.com. Check out current affairs and track the betting on the demise of Saddam and OBL.
Irish entrepreneur 1
US statesism 0