The mayors race gamble

The gambler in me loves this.

The Inky's new Great Expectations blog is encouraging its readers to "gamble" on the 2007 mayoral race by playing an "electronic prediction market."

Editorial page editor Chris Satullo lays it all out on the blog.

...traders use real money (up to a limit of $500; no one loses his shirt) to buy or sell “contracts” that reflect predictions on how an election will turn out. (IEM has also run markets on box-office openings and Federal Reserve Board decisions.)