DAYS OF RECKONING, PART TWO: Matt Drudge features the prediction markets. + Reuters has the right terminology (“traders”, “prediction exchanges”) but ignores BetFair.

Posted on April 9, 2008 by Chris F. Masse

Matt Drudge links to Reuters.

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What BetFair quite never understood:

Contracts are structured so the prices can be read as a percent likelihood of an event occurring.

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About Chris F. Masse

Founder and President of Midas Oracle
This entry was posted in Exchange & Market Designs, Exchanges & Markets, Internet Marketing - Internet Commerce, Market Prices & Probabilities, Mechanism Designs and tagged , , , , , , , . Bookmark the permalink.

One Response to DAYS OF RECKONING, PART TWO: Matt Drudge features the prediction markets. + Reuters has the right terminology (“traders”, “prediction exchanges”) but ignores BetFair.

  1. Pingback: Reporting prediction market prices: Oddhead Blog: Prediction Markets, Gambling, Electronic Commerce, Artificial Intelligence: David Pennock: Yahoo! Research

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