Intrade Founders Launch New Prediction Market

Wall Street Journal: “Founders of political wagering site Intrade are back with a new forum for electoral prognosticating, minus one big thing: the wagering.”

“Pivit, a web and mobile application, is launching prediction markets this week for the midterm U.S. elections… Pivit’s contracts are based in percentages, not dollars. Participating doesn’t require any money or pay out any rewards. Instead, the new market aims to attract people with rankings of the best predictors.”