I am not much of a gambling man myself, but I am interested in the predictions markets that I've learned about. Anyone following ETS for the last couple of years will remember a
TLT Innovator's Series talk by David Passmore and Rose Baker related to using prediction markets for organizational decision making. We followed it up with an
ETS Talk and had thought about creating our own ETS/PSU Innovation Market. It would essentially be a place where we could watch trends emerge as our peers bought shares in ideas.
This morning while on vacation looking through the Google Reader for the first time in a few days I came
across an article from the NY Times where they talk about Google's use of a prediction market to help identify industry trends. Google even has there own type of currency that can be turned in for real prizes every month. Not sure it could work in a small environment like ETS, but I think the article is worth the read.