Comments on: New Prediction Markets Software Site - Qmarkets http://www.midasoracle.org/2007/10/05/new-prediction-markets-software-site-qmarkets/ Prediction Markets For All Wed, 03 Dec 2008 23:43:35 +0000 http://wordpress.org/?v=2.6.5 By: Chris. F. Masse http://www.midasoracle.org/2007/10/05/new-prediction-markets-software-site-qmarkets/#comment-16304 Chris. F. Masse Sat, 06 Oct 2007 17:35:38 +0000 http://www.midasoracle.org/2007/10/05/new-prediction-markets-software-site-qmarkets/#comment-16304 Noam, you're a smart man. Listen, I'd advise you to install WordPress to run your blog. I don't like your blog right now. http://www.qmarkets.net/#qblog http://wordpress.org/ CORRECTION: I'm just realizing you're using Drupal, which is a good CMS. But your blog does not look like a blog. For instance, I need to see a RSS feed to subscribe to it. Noam, you’re a smart man. Listen, I’d advise you to install WordPress to run your blog. I don’t like your blog right now.
http://www.qmarkets.net/#qblog
http://wordpress.org/

CORRECTION: I’m just realizing you’re using Drupal, which is a good CMS. But your blog does not look like a blog. For instance, I need to see a RSS feed to subscribe to it.

]]> By: Noam Danon http://www.midasoracle.org/2007/10/05/new-prediction-markets-software-site-qmarkets/#comment-16303 Noam Danon Sat, 06 Oct 2007 17:03:48 +0000 http://www.midasoracle.org/2007/10/05/new-prediction-markets-software-site-qmarkets/#comment-16303 Chris is exactly right - the public part serves many purposes for Qmarkets, but can not stand on its own. Other uses for the public section could be: gaining awareness and building the Qmarkets brand, a place where people can try it out - before they use it for internal markets, etc. Just to add 1 more point - I know some of the sites you mentioned, but I am not sure all of them did all the right things to make it work. For instance, I think the perfect audience for creating markets is people that already have a popular content site or blog, with frequent readers. And the prediction markets site should provide these bloggers with all the right tools to make this work... Chris is exactly right - the public part serves many purposes for Qmarkets, but can not stand on its own. Other uses for the public section could be: gaining awareness and building the Qmarkets brand, a place where people can try it out - before they use it for internal markets, etc.

Just to add 1 more point -
I know some of the sites you mentioned, but I am not sure all of them did all the right things to make it work. For instance, I think the perfect audience for creating markets is people that already have a popular content site or blog, with frequent readers. And the prediction markets site should provide these bloggers with all the right tools to make this work…

]]> By: Chris. F. Masse http://www.midasoracle.org/2007/10/05/new-prediction-markets-software-site-qmarkets/#comment-16301 Chris. F. Masse Sat, 06 Oct 2007 07:25:54 +0000 http://www.midasoracle.org/2007/10/05/new-prediction-markets-software-site-qmarkets/#comment-16301 Inkling Markets and Qmarkets have a special business model, unlike the public betting exchanges you cite. They don't aim at competing with Betfair. They aim at creating software for internal prediction markets. Once they have 3 or 4 big clients, they are profitable. The development of their public betting exchange is important to test their software, but it's not where they are going to earn their money. Inkling Markets and Qmarkets have a special business model, unlike the public betting exchanges you cite. They don’t aim at competing with Betfair. They aim at creating software for internal prediction markets. Once they have 3 or 4 big clients, they are profitable.

The development of their public betting exchange is important to test their software, but it’s not where they are going to earn their money.

]]> By: Niall O'Connor http://www.midasoracle.org/2007/10/05/new-prediction-markets-software-site-qmarkets/#comment-16300 Niall O'Connor Sat, 06 Oct 2007 07:20:54 +0000 http://www.midasoracle.org/2007/10/05/new-prediction-markets-software-site-qmarkets/#comment-16300 It is not that I am a sceptic, but merely that I see the same marketing and economic issues arising for these fledgling prediction exchanges, as impacted on the betting exchange sector. Casualties in the betting exchange sector to date have included; Betx, matchedbets; iwageru; ggbet exchange; bluevex; ubetanything; spomaxx; swapbets; Betbutler; Betxc; Fairoptions; Levelbet; Playp2p; mybetyourbet; bet-ex; bettingsociety, SportingOptions, Betmart, and Crossbet. It is important that one does not get caught up in the hype and ask the questions that matter. Prediction markets are trendy, but they remain vaguely defined................. It is not that I am a sceptic, but merely that I see the same marketing and economic issues arising for these fledgling prediction exchanges, as impacted on the betting exchange sector.

Casualties in the betting exchange sector to date have included; Betx, matchedbets; iwageru; ggbet exchange; bluevex; ubetanything; spomaxx; swapbets; Betbutler; Betxc; Fairoptions; Levelbet; Playp2p; mybetyourbet; bet-ex; bettingsociety, SportingOptions, Betmart, and Crossbet.

It is important that one does not get caught up in the hype and ask the questions that matter. Prediction markets are trendy, but they remain vaguely defined……………..

]]> By: Chris. F. Masse http://www.midasoracle.org/2007/10/05/new-prediction-markets-software-site-qmarkets/#comment-16297 Chris. F. Masse Fri, 05 Oct 2007 15:36:51 +0000 http://www.midasoracle.org/2007/10/05/new-prediction-markets-software-site-qmarkets/#comment-16297 I am with Noam Danon. I think Noam is smart, and I want to see how he conducts his business in the coming months. Noam, Niall is always a bit too much skeptical. Look here his hatchet job against Betfair: http://www.midasoracle.org/2007/10/02/should-a-betting-exchange-be-a-content-provider-too/ :-D I am with Noam Danon. I think Noam is smart, and I want to see how he conducts his business in the coming months.

Noam, Niall is always a bit too much skeptical. Look here his hatchet job against Betfair:
http://www.midasoracle.org/200.....vider-too/

:-D

]]> By: Noam Danon http://www.midasoracle.org/2007/10/05/new-prediction-markets-software-site-qmarkets/#comment-16296 Noam Danon Fri, 05 Oct 2007 15:33:14 +0000 http://www.midasoracle.org/2007/10/05/new-prediction-markets-software-site-qmarkets/#comment-16296 Niall - I understand your concern, but I disagree. At least give me a chance, and maybe get to know me - before you "burry" me... :) Qmarkets will not only focus on the "free" web 2.0 part of it, where I agree it will be hard to drive traffic to the site. However, even in that area, I have lots of ideas which I think are rather unique, in how to get people into the site. That's part of the reasons we went to great lengths to simplify the UI - to make it available for anyone. Hope I can show you results in a few months, as I do not intend to shout out loud my marketting strategies... In addition, site will offer subscription based services (monthly subscription) to companies & sites that would like something a bit better - and private. And last - I had to launch somewhere - and this is the beginning point. New features to come soon will show more unique selling point, mainly in the market research area. Niall -
I understand your concern, but I disagree.
At least give me a chance, and maybe get to know me - before you “burry” me… :)

Qmarkets will not only focus on the “free” web 2.0 part of it, where I agree it will be hard to drive traffic to the site. However, even in that area, I have lots of ideas which I think are rather unique, in how to get people into the site. That’s part of the reasons we went to great lengths to simplify the UI - to make it available for anyone.

Hope I can show you results in a few months, as I do not intend to shout out loud my marketting strategies…

In addition, site will offer subscription based services (monthly subscription) to companies & sites that would like something a bit better - and private.

And last - I had to launch somewhere - and this is the beginning point.
New features to come soon will show more unique selling point, mainly in the market research area.

]]> By: Niall O'Connor http://www.midasoracle.org/2007/10/05/new-prediction-markets-software-site-qmarkets/#comment-16295 Niall O'Connor Fri, 05 Oct 2007 14:43:12 +0000 http://www.midasoracle.org/2007/10/05/new-prediction-markets-software-site-qmarkets/#comment-16295 I find it difficlt to see what your unique selling point is? What factors differentiate this site from those of your competitors? Is is not the case that, like so many, you are merely jumping on the prediction market bandwagon, without any real knowledge of how you are going to drive traffic/liquidity to your website? Is this site not just another example of the muddle that currently exists between betting markets and prediction markets? I find it difficlt to see what your unique selling point is? What factors differentiate this site from those of your competitors?

Is is not the case that, like so many, you are merely jumping on the prediction market bandwagon, without any real knowledge of how you are going to drive traffic/liquidity to your website?

Is this site not just another example of the muddle that currently exists between betting markets and prediction markets?

]]> By: Chris. F. Masse http://www.midasoracle.org/2007/10/05/new-prediction-markets-software-site-qmarkets/#comment-16294 Chris. F. Masse Fri, 05 Oct 2007 12:48:37 +0000 http://www.midasoracle.org/2007/10/05/new-prediction-markets-software-site-qmarkets/#comment-16294 we simply refer to them as “Questions” Yes, I have remarked that you make an effort to introduce people to your product with a simpler vocabulary than what the other exchanges/vendors use. It might be a good idea. we simply refer to them as “Questions”

Yes, I have remarked that you make an effort to introduce people to your product with a simpler vocabulary than what the other exchanges/vendors use. It might be a good idea.

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