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gwern comments on Making money with Bitcoin? - Less Wrong
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Someone should really write a prediction market using bitcoins -- it would be simpler for US-based users to participate.
If you just want to register predictions, I've already got a few set up on PredictionBook.com:
An actual prediction market is redundant - it's a financial currency. If you think peoples' probabilities are too low, you go long (buy/mine bitcoins), and if too high, then you short it (borrow for a period & sell).
I think he means a prediction market about propositions that do not themselves relate to bitcoins, which one can bet on with bitcoins.
Oh; that's actually a good idea, the usual bootstrapping issues aside.
What Alicorn said =)