Comments on: ProTrade = The Jock Exchange, the first public stock market that trades in professional athletes?? http://www.midasoracle.org/2007/04/17/protrade-the-jock-exchange-the-first-public-stock-market-that-trades-in-professional-athletes/ Prediction Markets, etc. Thu, 02 Feb 2012 23:13:18 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Dividen stocks http://www.midasoracle.org/2007/04/17/protrade-the-jock-exchange-the-first-public-stock-market-that-trades-in-professional-athletes/#comment-18968 Dividen stocks Sat, 31 May 2008 06:04:07 +0000 http://www.midasoracle.org/2007/04/17/protrade-the-jock-exchange-the-first-public-stock-market-that-trades-in-professional-athletes/#comment-18968 The real question is who gets the money. Do the players sell thier stock againts future earnings and contracts. Not sure how this could work out and the fact they could get hurt at anytime makes this a risky stock in my mind. The real question is who gets the money. Do the players sell thier stock againts future earnings and contracts. Not sure how this could work out and the fact they could get hurt at anytime makes this a risky stock in my mind.

]]> By: B. Rene Williams http://www.midasoracle.org/2007/04/17/protrade-the-jock-exchange-the-first-public-stock-market-that-trades-in-professional-athletes/#comment-18918 B. Rene Williams Wed, 28 May 2008 01:15:10 +0000 http://www.midasoracle.org/2007/04/17/protrade-the-jock-exchange-the-first-public-stock-market-that-trades-in-professional-athletes/#comment-18918 Sounds a little dehumanizing.  What happens in the worst case scenario if an athlete underperforms and someone invested in him loses their shirt?  Celebrities already are potential targets of stalking by unbalanced people who don't even know them.  Now sane people would also have an actual ax to grind, making even more people capable of stalking the athlete than usual.  Maybe I'm overstating the potential problem, but I think it needs to be thought through a little more. Sounds a little dehumanizing.  What happens in the worst case scenario if an athlete underperforms and someone invested in him loses their shirt?  Celebrities already are potential targets of stalking by unbalanced people who don’t even know them.  Now sane people would also have an actual ax to grind, making even more people capable of stalking the athlete than usual.  Maybe I’m overstating the potential problem, but I think it needs to be thought through a little more.

]]> By: Stock Trader http://www.midasoracle.org/2007/04/17/protrade-the-jock-exchange-the-first-public-stock-market-that-trades-in-professional-athletes/#comment-18236 Stock Trader Thu, 01 May 2008 14:29:05 +0000 http://www.midasoracle.org/2007/04/17/protrade-the-jock-exchange-the-first-public-stock-market-that-trades-in-professional-athletes/#comment-18236 Interesting stuff! I also agree with Jason in regards to OTC way to go... Interesting stuff! I also agree with Jason in regards to OTC way to go…

]]> By: Jason Ruspini http://www.midasoracle.org/2007/04/17/protrade-the-jock-exchange-the-first-public-stock-market-that-trades-in-professional-athletes/#comment-15400 Jason Ruspini Thu, 19 Apr 2007 23:23:31 +0000 http://www.midasoracle.org/2007/04/17/protrade-the-jock-exchange-the-first-public-stock-market-that-trades-in-professional-athletes/#comment-15400 How can Protrade make the leap to real-money in the US? Its markets are unlikely to be approved by exchange regulators, and so it seems that OTC is the way to go, as it is for many interesting markets in the US. (PM enthusiasts have a bias for exchange-based markets and standardized contracts.) Cuban's venture "Content Partners" planned to buy equity in certain film projects, but it was unclear if any real secondary market would exist. One thing about Lewis's article.. he writes: <blockquote>But the great majority of long-term contracts in the N.B.A. and Major League Baseball are guaranteed, which means that a lot of players cash out 100 percent of their value no matter how they play.</blockquote> Therefore trade will be concentrated in shorter-term contracts on young athletes -- and it can be expected that some athletes' considerable risk appetites in other areas of life will increase, even if they are as motivated to perform well. This is not an argument against the idea, but it is something that comes to mind. (Maybe my model is too rational though.) How can Protrade make the leap to real-money in the US? Its markets are unlikely to be approved by exchange regulators, and so it seems that OTC is the way to go, as it is for many interesting markets in the US. (PM enthusiasts have a bias for exchange-based markets and standardized contracts.)

Cuban’s venture “Content Partners” planned to buy equity in certain film projects, but it was unclear if any real secondary market would exist.

One thing about Lewis’s article.. he writes:

But the great majority of long-term contracts in the N.B.A. and Major League Baseball are guaranteed, which means that a lot of players cash out 100 percent of their value no matter how they play.

Therefore trade will be concentrated in shorter-term contracts on young athletes — and it can be expected that some athletes’ considerable risk appetites in other areas of life will increase, even if they are as motivated to perform well. This is not an argument against the idea, but it is something that comes to mind. (Maybe my model is too rational though.)

]]> By: Caveat Bettor http://www.midasoracle.org/2007/04/17/protrade-the-jock-exchange-the-first-public-stock-market-that-trades-in-professional-athletes/#comment-15399 Caveat Bettor Thu, 19 Apr 2007 23:08:51 +0000 http://www.midasoracle.org/2007/04/17/protrade-the-jock-exchange-the-first-public-stock-market-that-trades-in-professional-athletes/#comment-15399 I love the NFL much more than MLB, but I am thinking that baseball is more suited to something like this (having played and served as commissioner in both types of fantasy leagues). In football, the play of one player is much more interdependent with--and therefore, much harder to isolate from--fellow teammates. Take Willie McGinest, the all-pro defensive end previously of the New England Patriots. Depending on the 3-4 vs 4-3 scheme and the players surrounding him, his defensive statistics are quite volatile over his 13 year career--he makes the Pro Bowl in 1996 and then in 2003. Likewise, take the stars of the vaunted Baltimore Raven defenses--upon leaving for richer free agent waters, they do not replicate their past success. In baseball, it is easier, although pitcher win shares are more difficult to isolate than hitters (which is why in Michael Lewis' Moneyball, he talks at length about hitters like Youkilis, but fails to really talk about the statistical contributions of Hudson, Mulder & Zito). I guess I am more interested in these instruments than, say, David Bowie bonds. But I need more information to see how much more interesting these are. I love the NFL much more than MLB, but I am thinking that baseball is more suited to something like this (having played and served as commissioner in both types of fantasy leagues).

In football, the play of one player is much more interdependent with–and therefore, much harder to isolate from–fellow teammates. Take Willie McGinest, the all-pro defensive end previously of the New England Patriots. Depending on the 3-4 vs 4-3 scheme and the players surrounding him, his defensive statistics are quite volatile over his 13 year career–he makes the Pro Bowl in 1996 and then in 2003. Likewise, take the stars of the vaunted Baltimore Raven defenses–upon leaving for richer free agent waters, they do not replicate their past success.

In baseball, it is easier, although pitcher win shares are more difficult to isolate than hitters (which is why in Michael Lewis’ Moneyball, he talks at length about hitters like Youkilis, but fails to really talk about the statistical contributions of Hudson, Mulder & Zito).

I guess I am more interested in these instruments than, say, David Bowie bonds. But I need more information to see how much more interesting these are.

]]> By: Chris. F. Masse http://www.midasoracle.org/2007/04/17/protrade-the-jock-exchange-the-first-public-stock-market-that-trades-in-professional-athletes/#comment-15395 Chris. F. Masse Thu, 19 Apr 2007 11:47:35 +0000 http://www.midasoracle.org/2007/04/17/protrade-the-jock-exchange-the-first-public-stock-market-that-trades-in-professional-athletes/#comment-15395 Niall O'Connor asks me: - "Wasn't this the world's first sports stock market?" http://www.allsportsmarket.com/Index.asp?affiliate=4432 <strong> http://www.allsportsmarket.com/</strong> <strong>And the CFTC canary, Jason Ruspini, tells me he may have heard a similar idea from Mark Cuban. http://riskmarkets.blogspot.com/2006/05/our-friend-dere-in-burbank-you-want-i.html</strong> Protrade: The Sports Stock Market http://mvn.com/mlb-braves/2007/04/20/protrade-the-sports-stock-market/ Markets In Athletes http://www.thestalwart.com/the_stalwart/2007/04/markets_in_athe.html ProTrade co-founder Jeff Ma gives inklings. http://www.midasoracle.org/2007/04/20/protrade-co-founder-jeff-ma-gives-inklings/ The Jock Exchange: Wall Street is about to launch a new way to trade professional athletes the way you trade stocks. http://www.midasoracle.org/2007/04/21/the-jock-exchange-wall-street-is-about-to-launch-a-new-way-to-trade-professional-athletes-the-way-you-trade-stocks/ Niall O’Connor asks me:
- “Wasn’t this the world’s first sports stock market?”
http://www.allsportsmarket.com/Index.asp?affiliate=4432

http://www.allsportsmarket.com/

And the CFTC canary, Jason Ruspini, tells me he may have heard a similar idea from Mark Cuban.
http://riskmarkets.blogspot.com/2006/05/our-friend-dere-in-burbank-you-want-i.html

Protrade: The Sports Stock Market
http://mvn.com/mlb-braves/2007/04/20/protrade-the-sports-stock-market/

Markets In Athletes
http://www.thestalwart.com/the_stalwart/2007/04/markets_in_athe.html

ProTrade co-founder Jeff Ma gives inklings.
http://www.midasoracle.org/2007/04/20/protrade-co-founder-jeff-ma-gives-inklings/

The Jock Exchange: Wall Street is about to launch a new way to trade professional athletes the way you trade stocks.
http://www.midasoracle.org/2007/04/21/the-jock-exchange-wall-street-is-about-to-launch-a-new-way-to-trade-professional-athletes-the-way-you-trade-stocks/

]]> By: Chris. F. Masse http://www.midasoracle.org/2007/04/17/protrade-the-jock-exchange-the-first-public-stock-market-that-trades-in-professional-athletes/#comment-15391 Chris. F. Masse Thu, 19 Apr 2007 10:17:03 +0000 http://www.midasoracle.org/2007/04/17/protrade-the-jock-exchange-the-first-public-stock-market-that-trades-in-professional-athletes/#comment-15391 You can find many comments about this piece on the Marginal Revolution blog: http://www.marginalrevolution.com/marginalrevolution/2007/04/markets_in_ever_3.html (((Waiting for the CFTC canary to put some comment of his, here. :) ))) You can find many comments about this piece on the Marginal Revolution blog:

http://www.marginalrevolution.com/marginalrevolution/2007/04/markets_in_ever_3.html

(((Waiting for the CFTC canary to put some comment of his, here. :) )))

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