This chapter presents previous fields of application of prediction markets. Subsequently, we discuss several field experiments in more detail. We start with a description of the 2006 FIFA World Cup prediction market called STOCCER. Moreover, we also present the political stock market PSM and the Australian Knowledge eXchange AKX. At the end of the chapter we give an outlook on how prediction markets can be used to generate and evaluate innovative products and services.
KeywordsService Innovation Market Maker Arbitrage Opportunity Prediction Market Trading Price
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