There is a lot of interest in prediction markets in the Less Wrong community. However, the prediction markets that we have are currently only available in meatspace, they have very low volume, and the rules are not ideal (You cannot leave positions by selling your shares, and only the column with the final outcome contributes to your score)

I was wondering if there would be interest in a prediction market linked to the Less Wrong account? The idea is that we use essentially the same structure as Intrade / Ipredict. We use play money - this can either be Karma or a new "currency" where everyone is assigned the same starting value. If we use a currency other than Karma, your balance would be publicly linked to your account, as an indicator of your predictive skills.

Perhaps participants would have to reach a specified level of Karma before they are allowed to participate, to avoid users setting up puppet accounts to transfer points to their actual accounts

I think such a prediction market would act as a tax on bullshit, it would help aggregate information, it would help us identify the best predictors in the community, and it would be a lot of fun.