Prediction markets typically focus on the usual who’ll win the race, and by how much. On Hubdub there are some interesting topics that are often hidden under the financial crisis and Obama’s transition. One of them is the crisis in Somalia. Whilst the markets on more obscure topics tend to be harder to get accurate reads on than purely US focused topics, Hubdub does have more users from Africa than from, say, Mexico, and the situation in Somalia is increasingly of international concern.

The market getting the most attention regards the outcome of the seizure of the Saudi oil supertanker off Somalia’s coast. With reports surfacing that Islamists plan to reclaim the ship in the name of Islam, over the last day the odds on the market have shifted. With almost H$30k at stake, it’s currently giving a 54% chance that the ransom will be paid and the crew released. Let’s hope the market is right, and force isn’t necessary.

What will be the outcome of the seizure of the Saudi supertanker Sirius Star?

Another fascinating market is asking who will sink the next ‘pirate ship’. The Indian Navy already sank a Somali pirate ship this month, but Hubdub’s currently predicting Russia is 23% likely to be the next “sinker”.

An Indian navy warship sank a Somalian pirate “ship.” Which country is going to sink another ?

To check out all of Hubdub’s current markets on Somalia go to our Somalia tag section.

Some other interesting Somalia forecasts:

Somalia likely to be most corrupt nation in 2009

Islamic insurgents 56% likely to take over control of Somalia

Popularity: 7% [?]

Tags: forecast, hijacking, hubdub, piracy, pirates, prediction markets, saudi supertanker, sirius star, somalia

This entry was posted on Tuesday, November 25th, 2008 at 2:37 pm and is filed under world. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.