Media Predict Sets Up Virtual Betting Parlor For Books

Another entry in the media business model fray:Media Predict , a virtual market that lets users wager on the likely success of a book proposal, unsigned band or TV pilot. For instance, the site asks for manuscripts from agents and individuals, then posts pages of them on the site. As the NYT describes it, traders are given $5,000 in play money to bet on whether a particular book proposal is likely to get a deal. Currently, traders are helping determine the answer to “Will Dorothy Hamill’s ‘Skatey Katey’ get a book deal?” As of Tuesday morning, that title was trading at $44.20 while Greg Olear

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