Via Bo Cowgill, The Economist on Cantor (the firm that owns HSX):
[...] But Mr Lutnick is hoping that Cantor can profit by spotting other new prospects. It is a leader in carbon trading, for example, having led the way in acid-rain credits. It is adding new products to its Hollywood Stock Exchange, a virtual market where traders bet on the box-office performances of films. And it is moving into property and equity derivatives, which Mr Lutnick predicts will one day be as big as their credit-market cousins. [...]
The faithful readers of Midas Oracle already know that.
[...] Recently, the site has started to tinker with its 10-year-old formula. Once limited to MovieStocks, users can now purchase “Hollywood Derivatives” to predict the success of their favorite World Cup soccer team, American Idol contestant or Academy Awards nominee. (In 2005, HSX users correctly guessed all eight Oscar winners.) The point, says Costakis, is to create a “testing ground” for future additions to the site, which could include full-time sports options and TV stocks. [...]
Best wishes to HSX for its expansion. More prediction markets is good.
