My Son Maxim responsible for 20/20 segment tonight

My son Maxim pitched the 20/20 segment tonight that deals with markets predicting the outcome of elections. The show airs at 10 pm EDT on ABC.

Foretelling the Future: Online Prediction Markets
Skittish About the Stock Market? Try Trading Election Results Instead

By JOHN STOSSEL and MAXIM LOTT
May 9, 2008 —

Who will win the Democratic nomination? Who will be the next president? When might Britney Spears go back to rehab? And who will be the next "American Idol"?

Don't look for guidance from TV pundits or gossip magazines. Instead, go to the Web site where people are putting their money where their mouths are: Intrade.com.

Intrade is a futures market, just like commodities markets where people make trades betting on the future prices of things like oil, gold and pork bellies. On Intrade, thousands of people bet on the outcomes of current events.

Watch the story today on "20/20" at 10 p.m. ET . . . .