Reuters announced 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 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?