Niall O’-Connor (who maybe ate grilled snake for his Sunday morning breakfast ):
The current trend to promote almost illiquid betting markets as being predictive, looks set to backfire bigstyle. In a nutshell, to date the so called “-prediction markets”- have called it wrong in New Hampshire (Democrats), Michigan (Republicans) and South Carolina (Republicans). Prediction market advocates, in many instances weighed down with the baggage of being too closely associated with the prediction market industry, are guilty of churning out subjective, biased research, in an attempt to promote the industry and lure traders into the markets. Unscientific comparisons are continually made between prediction markets and polls, and, moreover, markets are deemed to have been predictive, when all they have actually done is [respond] to the unwinding of the vote count. The publication of such utter garbage does nothing but a big disservice to the fledgling prediction market industry. Moreover, it is unfortunate that prediction market industry watchers, who purport to be independent and subjective, indulge the writers of such nonsense, in the process revealing themselves to be nothing more than placemen and sycophants of unquestioning loyalty. […]
Names, please, Niall.
- Who are those corrupted “-prediction market advocates”-?
- Who are those rotten “-prediction market industry watchers”-?
By the way…- I will have the charts of the expired BetFair contracts, soon, I hope- and I will publish them here for all to see.