Some prediction exchanges should follow the BetZip.com model.
Chris F. Masse June 19th, 2007
Says the all-excited Mike Linksvayer –(I’ve never seen him that excited, apart from the perspective of a George W. Bush impeachment):
Great idea! A PM should do this, right now, taking care to create real money incentives and not encourage risky bets. I’ve thought of the possibility of a no-downside-risk PM that only shared advertising revenue with players proportionately to their performance, but the money involved would be too little to be meaningful, or so I guessed. However, if BetZip is right[,] the money could be made “real” by permitting arbitrarily large subscription fees.
On the Betcha.com front, just a follow-up note. Its founders (Nick Jenkins) has 4 or 5 counter-arguments to Tom Bell’s take, but won’t share them publicly (i.e., with his competitors). “He’ll share them with the judge”, replied the ironic Deep Throat.
We wish Nick Jenkins the very best.
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The BetZip/Betcha plot thickens.
http://www.midasoracle.org/200.....-thickens/
Nick Jenkins welcomes you to Betcha.com, America’s first person-to-person betting site.
http://www.midasoracle.org/200.....ting-site/