Intrade leveraged the wisdom of crowds by allowing users to bet on future world events and displaying shockingly accurate predictive power in the process.
prediction markets
Crowdsourcing sales forecasts: How Henkel leverages the collective wisdom of its employees
After traditional methods yielded unsatisfactory results, Henkel – which owns some of the most valuable European CPG brands – decided to leverage the collective wisdom of its employees to increase forecasting accuracy by using an internal prediction market.