The Inkling Markets Retrospective

by Chris Abraham on May 26, 2007

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The latest version of Inking Markets has gone all Ajax and Ruby on Rails-looking… here’s a retrospective. I love Inkling Markets then and now. I hope this is still useful!

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Inkling is a powerful open PM platformMarkets by Inkling is a powerful prediction market platform
- Easy enough for your grandmother to use while powerful enough for anything
- Flexible tools allow any sort of event or outcome to be made into a market
- As easy to create a market as it is to participate in a market
- Only PM platform to offer widgets to include on blogs and SNS‘s

Inkling is a business, offering custom front-end interfaces powered by the Inkling engine.
- Private markets for friends
- Academic markets for research
- Business markets for intelligence
- Corporate markets for collaborating

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Walking through markets by InklingNew visitors are requested to sign up for a free account

Three simple steps:
- Enter a valid email
- Check INBOX for invitation
- Click on the validation link
- Fill out your name, user ID, and password
- You’re done

Immediately upon signing in, an attractive market is featured
- “Will Harry Potter be alive at the end of the last book of the series?�?

Most PMs are academic, expecting deep knowledge of investing – not Inkling!
- Inkling is for the common man – it asks, “what do you think?�?

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Simple point & click trading on popular themesUsers start with $5,000 play money

Find a market that you like
- Since users can submit markets, the diversity of markets is high

Make your best judgment
- “Chances are higher than 53%�?
- “Chances are lower than 53%�?

Choose how many shares to “buy�?

Confirm purchase
- Is the order accurate?
- Do you have enough money?
- Are you going into debt?

You’re done
- Users are pointed to their portfolio
- Portfolio is called “dashboard�?

If you can’t find a market you like…

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Make your mark with your own Inking marketEasy to create your own markets

Click on “create market�?

Choose the type of prediction
- Single or multiple event occurrence

Choose a question of outcome
- Outcome must be proven

Fill out the details and terms

Choose a public or private market

Submit market for review
- Administrators maintain quality of the introduction of public markets

Once approved, the market is live.

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Inkling Markets is seriously important playInkling is one of the most user-friendly PM products

Free public markets are only the tip of the iceberg

Los Alamos National Lab hosts their Collective Decision Making System (CDMS)
- http://cdms.inklingmarkets.com/
- Used for serious academic peer review

Other buzz surrounding the Inkling platform
- „ABC7-KGO San Francisco Launches a Marketplace with Inkling�?
- governmentfutures.net help clients understand the United States Federal Government

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