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When there is money at stake, people tend to be more calculative and careful in critical decision making, this human psyche is collectively harnessed to predict future political outcomes by Washington Stock Exchange. The way it works is quite simple, anyone can sign up for free and receive W$1,000,000 Washington dollars (not real of course) to start trading in stocks linked to uncertain political outcomes. You buy and sell stocks based on your opinion about likelihood of the underlying event. The resulting price corresponds to the probability that it will happen, according to the collective wisdom of the market. According to the site, by harvesting the collective intelligence of all the traders, the market generates very accurate forecasts about the events in question.

This is not just a great concept but something I personally urge everyone try, this in a way is the democratic back channel process that not only predicts potential outcome, but also help those in policy making steer key legislation to make it favorable to the collective for a change.