Image via WikipediaWe are very excited to announce that we are partnering with Reuters which gives them a presence on Hubdub. Reuters is the world’s largest multimedia news organization with more than 2,400 journalists across the globe. Reuters news reaches over 1 billion people per day (I guess you could say they are quite big).

The partnership details are outlined in the press release below.

Reuters Press Release

Reuters is pleased to announce their new presence on Hubdub, the virtual prediction market site.

Hubdub allows users to trade predictions with virtual money on the outcomes of breaking news stories and future events, with approximately 2 million Hubdub dollars traded daily. As part of a new, dedicated Reuters section within the site Reuters generates questions for users to trade on based on the latest breaking news and ranging in topics from the current credit crunch to the 2008 presidential election. Reuters questions are already among the most popular on Hubdub.

Additional tools and resources are also included to help build a Reuters community within the site, including a “friends” application, comment capabilities, links to the top Reuters stories of the day and Reuters market widgets, found at http://www.hubdub.com/partners/reuters.

Finally, because Hubdub prediction markets aggregate thousands of trades, the site often produces accurate forecasts on the likelihood of future events. Beyond weighing in on the outcome, users are able to reference the site for up-to-the-minute information on the public’s predictions about breaking news from Reuters.

Examples of Reuters Questions on Hubdub:

• Which of these banks will be the next victim of credit crisis? 
• Will AIG still be a publicly traded company on October 1?
• Who will be leading in the Reuters Zogby poll after all three upcoming presidential debates?

Popularity: 5% [?]

Image via Wikipedia We are really excited to announce our first ever partnership, which is with the Huffington Post. According to Wikipedia The Huffington Post “…is ranked the most linked-to blog by Technorati, the most visited news weblog by Alexa Internet, and the most influential blog in the world by The Guardian.” So in short we are very excited to have partnered with them. Hubdub will be providing forecasts via our widget which is embedded in all of their tag pages (for example here is John McCain’s tag page). We are currently putting together a widget and API page which will allow other news publishers and blog use this data.

Our press release is below:

Hubdub Interactive News Forecasts Now Used By The Huffington Post

Hubdub allows HuffPost’s readers to see accurate and timely forecasts on all the top news stories.

Want to know how likely it is that Palin will pull out of the presidential ticket? Or perhaps, the chance that Obama is the next US president? Or how strong tropical storm Ike is likely to be? Hubdub has literally thousands of user-generated news questions, on which Hubdub users then buy and sell predictions, creating thousands of spookily accurate results.

This new partnership means that from each of The Huffington Post’s tag pages, readers can see a list of all the current forecasts on that particular topic. For example, Sarah Palin’s tag page includes Hubdub forecasts on whether she’ll pull out of the presidential ticket (16% chance) and whether she will mention Alaska’s proximity to Russia as evidence of her national security experience (38% chance). All these forecasts update automatically when the Hubdub market moves, and Huffington Post readers can easily click through to the question on Hubdub for more information and participate in predicting the news.

Hubdub’s CEO, Nigel Eccles says, “This is a really exciting partnership, from day one we’ve always wanted the Hubdub market information to sit beside high quality news content”.

“We think our news obsessed users will get a kick out of Hubdub’s fun forecasting feature,” said Mario Ruiz, VP, Media Relations, The Huffington Post.

Prediction markets are becoming increasingly popular, especially now in the run up to the November election. They have proven to be more agile than polls, responding in near real-time to developing stories, and indeed to be more accurate since participants actually have a stake in the game. The fact that it’s Hubdub dollars at stake is apparently irrelevant – Hubdub users are so competitive that the most important thing is that they prove they were right to the rest of the vibrant community.

This partnership marks a significant development in the growth and focus of prediction markets. Projecting market forecasts out to news sites means that prediction markets are becoming more mainstream and easier for casual browsers to appreciate.

About Hubdub

Founded in November 2007, Hubdub enables users to trade predictions across 2,000 news stories and future events. For more information, visit Hubdub

Popularity: 8% [?]