We Knew Wednesday That RG3 Would Win the Heisman

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Consensus Point and Gannett’s Football Futures market is proving the power of prediction markets once again. Days before the announcement was made that Robert Griffin III had won the 2011 Heisman Trophy, Football Futures was clearly predicting RGIII would be taking home the prestigious award. We were thrilled when our friends at The Tennessean felt that the prediction provided by the Football Futures market were interesting enough to appear in the Sa****ay, December 10, edition of the Tennessean’s sports section. See the chart they used below.



For those of us in the business of predicting the future, results such as these are not surprising at all. Prediction markets have been proven time and again to be more accurate than polls or surveys. Their ability to uncover information and aggregate the knowledge that is dispersed within the crowd is unparalleled. Because those in the market are asked to invest in predictions where they feel most confident, the collected information is not only much richer than that produced by surveys or polls but is also available in real-time when used for forecasting or business intelligence.

We are excited to be working with Gannett and the Tennessean to produce a public prediction market that is raising prediction market awareness among a much wider audience. If you are interested in learning more about prediction markets and their application in either the enterprise or research space, go to our website. If you want to see a market in action or if you just want to see how good you are at predicting the future, take a look at Football Futures.



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