German newspaper launches prediction market for economic indicators 

The Handelsblatt launched the EIX (Economic Indicator Exchange), a new prediction market for forecasting economic indicators in Germany. In this play-money market, participants can trade contracts to predict indicators such as national growth or the unemployment rate. Participants can win prizes with a total value of almost 37 000 Euros. The prediction market software was developed by the IISM at the Karlsruhe Institute of Technology and the Forschungszentrum Informatik in Karlsruhe.

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