International Prediction Markets - The Tradesports of India?

http://www.dnaindia.com/report.asp?NewsID=1026056&CatID=2

PublicGyan is an invite-only, general interest market started by Nitin Pai and Srijith Krishnan Nair. The site encourages members to determine the outcome of events by trading stocks using virtual currency or Moolers.

The site’s co-founders have cited the James Surowiecki book, The Wisdom of Crowds, as an inspiration, as it champions the cause of prediction markets.