Politics Is A Game: National Journal Launches Political Stock Exchange

The National Journal has an interesting new site for folks to test their political prognosticating skills:

Welcome to National Journal's Political Stock Exchange. From now until Election Day '08 NJPSE is the best destination where you can test your political prognostication prowess ... for free! Sign up now and you can be using your 10,000 NJPSE fantasy dollars (NJ$) to compete with other politicos in minutes. By tapping into the most advanced prediction market on the web, Intrade.com, NJPSE lets you buy and sell contracts whose 'price' (always between 0-100) represents the percentage likelihood a given outcome will occur. Think Fred Thompson's rocky rollout has doomed his candidacy? Has Hsu sunk Hillary Clinton? Then sell! Sell! Sell! Do you believe John Edwards can ride an IA victory to Denver? You think John McCain's 'No Surrender' tour can win him NH? Then buy! Buy! Buy! . . .

Could be fun. Check it out.

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    More Political Futures (none / 0) (#1)
    by Sanson Corrasco on Thu Sep 20, 2007 at 09:58:38 AM EST
    Check out Iowa Electronic Markets: http://www.biz.uiowa.edu/iem/ ; News Futures: http://news.us.newsfutures.com/election2008.html ; and Intrade Trading Exchange:  https://www.intrade.com/aav2/trading/tradingHTML.jsp?evID=23190&eventSelect=23190&upda teList=true&showExpired=false#
    Sorry for the lengthy urls.  I tried to post them as a link, but couldn't figure the code to do it.

    I'm sorry (none / 0) (#2)
    by Big Tent Democrat on Thu Sep 20, 2007 at 10:01:41 AM EST
    You have t6o use html formats for linking. I am going to have to delete your comment.

    How to link (none / 0) (#6)
    by sarcastic unnamed one on Thu Sep 20, 2007 at 12:02:31 PM EST

    with apologies if it's too basic:

    -highlight the URL of the web-page that you want to link to.

    -copy the URL ("edit" then "copy").

    -come back to TL and write something in the "Comments:" box.

    -highlight the word(s) in that comment that you want to be the link.

    -click the "URL" button above the "Comments:" box, it's the button that has
    an icon that looks like some links of a chain.

    -hold down the "Ctrl" button on your computer's keyboard and then type "v".

    -click "OK."

    -click the "Preview" button below the "Comments:" box.

    -if the preview looks good - ie., the word(s) you selected to be the link are a different color from the rest of the text - click the "Post" button below the "Comments:" box.


    Play money? Nah.... (none / 0) (#3)
    by kdog on Thu Sep 20, 2007 at 10:31:33 AM EST
    If you wanna really gamble on politics, there are bookmakers who will take your action.

    It's probably illegal, but what fun isn't these days.

    Putting your money where (none / 0) (#4)
    by oculus on Thu Sep 20, 2007 at 10:59:12 AM EST
    your mouth is; for sure.

    Can you bet on ... (none / 0) (#5)
    by roy on Thu Sep 20, 2007 at 11:44:39 AM EST
    ... which state will be too close to call, resulting in several days of contentious legal wrangling, followed by several years of each side complaining that the other cheated?

    (I say Puerto Rico -- the odds are long, but the payoff is high)

    Don't take less.... (none / 0) (#7)
    by kdog on Thu Sep 20, 2007 at 12:22:56 PM EST
    than 100-1 on Puerto Rico.

    I'm up $11! (none / 0) (#8)
    by roy on Thu Sep 20, 2007 at 05:01:04 PM EST

    Prediction markets (none / 0) (#9)
    by Sanson Corrasco on Fri Sep 21, 2007 at 11:36:52 AM EST
    Just one note further.  

    The interesting thing about political futures markets is that they are generally better predictors of outcomes than polling samples are.  Here's an article that may be of interest.

    Thank you sarcastic unnamed one for the tutorial on how to link.