The prediction models used to forecast the outcome of the 2012 presidential elections are now being used on another major event: the Academy Awards. Bob speaks with Microsoft researcher David Rothschild about his predictions for the 2013 Oscars.

Last week the popular prediction market Intrade announced it would shut its doors to Americans after being sued by US regulators. US regulators have accused InTrade of violating the ban on off-exchange options trading - in other words, gambling. But others argue that sites like InTrade can be better predictors than pundits or polls. The New York Times’ Washington Bureau Chief David Leonhardt makes the case for prediction markets to Bob.

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