??? charity-driven prediction markets OR social issue prediction markets ???

Chris F. Masse April 21st, 2008

BOTH.

But, contrary to what Lucy Berholtz thinks, the former will go further than the latter —in my view.

I have said from day one that it’s a great idea.
This is a “unique” concept… until InTrade-TradeSports, Betdaq and BetFair-TradeSports decide to create a charity wallet for their traders. Complex, sure, but that might come, one day.
I have the highest esteem for Lucy Berholtz, generally, but I’m with Emile Servan-Schreiber on the idea that Bet2Give is not a simple marketing trick. All the money but a small percentage goes to the traders’ selected foundations. If all US betting were organized that way, that would mean a huge windfall for US foundations.
Tyler Cowen makes sense.
As for LongBets, it’s a failed experiment in my judgment. Too many one-sided “predictions” for only a fistful of agreed “bets”.