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occrider
Traveladdict



Registered: Oct 2000
Location: New York
The Washington Stock Exchange: A Stock Market for Political Events

Well I'm sure you all remember the scandal behind DARPA setting up a futures trading market to predict terrorism ... I thought it was actually kind of neat and somebody else apparentely thought so as well because they created a stock market for political events. It's flawed because it uses fake money but it's kind of fun nontheless. It's just the beta version and I can tell that there aren't enough participants such that individuals can be market movers but the more people that sign up the more efficient/accurate it will be.

http://www.thewsx.com/

I'm losing $20,000 on a bet that the 08 presidential election will go to a dem


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Old Post Oct-04-2006 05:11  United States
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MisterOpus1
Grumpy Old Fart



Registered: Dec 2001
Location: Kansas City
Re: The Washington Stock Exchange: A Stock Market for Political Events

quote:
Originally posted by occrider
Well I'm sure you all remember the scandal behind DARPA setting up a futures trading market to predict terrorism ... I thought it was actually kind of neat and somebody else apparentely thought so as well because they created a stock market for political events. It's flawed because it uses fake money but it's kind of fun nontheless. It's just the beta version and I can tell that there aren't enough participants such that individuals can be market movers but the more people that sign up the more efficient/accurate it will be.

http://www.thewsx.com/

I'm losing $20,000 on a bet that the 08 presidential election will go to a dem


I think Aaaanold is a lock, much to my chagrine......


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with leaves all crimson conquered,
I yearn to shout,
and dance about,
and stick pickles in my honker...

Old Post Oct-04-2006 05:24  United States
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Magnetonium
Dubstep = Douchestep



Registered: Sep 2001
Location: Port Burwell, Ontario, Canada



Looks like a fun website. If I had more time on my hands, I'd join in on the fun, to see how it goes.

LOL, betting on Iran developing/testing nukes is quite fun ;-) insider information can make a huge difference ;-)


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Old Post Oct-08-2006 18:43  Canada
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kush paintings
Balance 005 Romantic



Registered: Jun 2004
Location:

Wait, so what happens for example if a democrat wins the presidency in '08 to the stock? Essentialy the life of the stock is over, as it is a bet on who will will office. While I realize the gains will be big in the short time period when the reults are starting to come in, surely you can't place any orders after the final tallies are announced. So really you aren't ever betting on the outcome, just the speculation up to the outcome. Is that correct or am I missing something?


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Old Post Oct-08-2006 21:44  United States
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