Here’s a brief video about TagTrade, Best Buy’s prediction market.  It’s an introductory video that was produced last year in advance of their market rollout.

A great quote from the video:

“Big companies are like communist countries – we all know how well communist countries worked. At some point they fell apart, not because the leaders were dumb, but because nobody would tell the leaders at the top, who had to make decisions, what decisions to make.”

Jeff Severts, EVP, Best Buy

UPDATE: Here is a video of Brad Anderson, Best Buy’s CEO at the Zeitgeist ‘08 conference.  He starts talking about their prediction market at 9:50.

Consensus Point is the leader in prediction markets, the social predictive analytics solution.

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