David Perry writes “The Foresight Exchange, the first and longest running Internet prediction market, has released the Idea Futures code to the open source community. For more than a decade, the market has tapped into “the wisdom of crowds” by offering speculation on a wide variety of interesting claims, such at a the space elevator, nuclear attack on the US, IE market share, SHA-1 collision, and numerous political elections. Not surprisingly, the claims on gas prices have received a lot of attention recently! From the article: “Releasing the code will encourage further innovation around prediction markets and empower more firms to use this emerging technology.””
