Adam Siegel of Inkling Markets has computed that blogging is important to a small business.

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Inkling Markets:

Here are the jobs we&#8217-re currently looking to fill:

Director of Business Development
Take the reigns to plan and direct Inkling&#8217-s ongoing business development efforts. This includes everything from identifying and evaluating new market opportunities, working on public relations initiatives, forging strategic partnerships, initiating proposals, negotiating contracts with our enterprise clients, and helping to manage existing accounts. Our ideal candidate will have demonstrated the ability to sell software as a service to large enterprise clients or has proven to be effective at launching new product lines and developing new strategic initiatives for at least 5+ years.

Customer Support
Inkling provides technical support to all its clients. From the trader who has a question about their balance to a marketplace administrator who has questions about how to run a market properly, we&#8217-re looking for someone to be our interface for these types of questions. It&#8217-s ok if you don&#8217-t have an intimate understanding of prediction markets now, but our ideal applicant will have shown excellent communication skills, both verbal and written, will have effectively managed multiple work threads at once, and will not be afraid of venturing in to other activities going on in the company, i.e. supporting business development efforts, doing customer outreach and blogging, performing research, and even doing application testing when necessary. We&#8217-re particularly interested in recent college graduates [*] for this position.

But you&#8217-ll notice that he would assign the junior employee (not the business development executive) to blogging.

[*] Yeah, fresh people are cheaper and more flexible.

VIDEO – Bo Cowgill on Googles enterprise prediction markets – OReilly Money:Tech

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Using Prediction Markets to Track Information Flows: Evidence from Google – (PDF file – PDF file) – by Bo Cowgill, Justin Wolfers, and Eric Zitwewitz – 2008-01-06

Blip.TV

I already published this video. The reason I do it again is that I found out a hidden function in WordPress to increase the dimensions of the embedded video player. I think it is useful in this particular case because Bo shows us some slides, in this video. So, my hope is that those slides will be more readable that way. Let&#8217-s try that. I am pressing &#8220-publish&#8221-&#8230- let&#8217-s see.

Our previous blog post on the Google paper

Previous blog posts by Chris F. Masse:

  • The CFTC is going to close the comments in 9 days. We have 9 days left to convince the CFTC to accept FOR-PROFIT prediction exchanges (e.g., InTrade USA or BetFair USA), and counter the puritan and sterile petition organized by the American Enterprise Institute (which has on its payroll Paul Wolfowitz, the bright masterminder of the Iraq war).
  • Forrest Nelson valids Emile Servan-Schreiber.
  • Averaging One’s Guesses
  • Americans love rankings, but Americans hate to be assessed subjectively.
  • A libertarian view on the Internet betting and gambling industry in the United States of America
  • The CFTC is going to close the comments in 10 days. We have 10 days left to convince the CFTC to accept FOR-PROFIT prediction exchanges (e.g., InTrade USA or BetFair USA), and counter the puritan and sterile petition organized by the American Enterprise Institute (which has on its payroll Paul Wolfowitz, the bright masterminder of the Iraq war).
  • The Numbers Guy

The CFTC is going to close the comments in 13 days. We have 13 days left to convince the CFTC to accept FOR-PROFIT prediction exchanges, and counter the evil petition organized by the American Enterprise Institute (which has on its payroll Paul Wolfowitz, the bright masterminder of the Iraq war).

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PREVIOUSLY:

– CALL TO ACTION: Let&#8217-s fight so that the CFTC allows the FOR-PROFIT prediction exchanges to deal with &#8220-event markets&#8221-.

– In the for-profit vs not-for-profit debate, our prediction market luminaries, doctored by Bob, are on the wrong side of the issue.

BACKGROUND INFO:

CFTC’s Concept Release on the Appropriate Regulatory Treatment of Event Contracts&#8230- notably how they define &#8220-event markets&#8221-, how they are going to extend their &#8220-exemption&#8221- to other IEM-like prediction exchanges, and how they framed their questions to the public.

– Arnold &amp- Porter lawyers explain the meaning of the CFTC&#8217-s concept release on &#8220-event markets&#8221-. &#8212- (PDF file)

American Enterprise Institute’s proposals to legalize the real-money prediction markets in the United States of America

APPENDIX:

Paul Wolfowitz&#8217-s profile at the American Enterprise Institute

– How the neo-cons drove the United States of America into the unecessary Iraq war

The CFTC extends its regulatory arm to… the City of London.

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A CFTC Commissioner in the Financial Times:

So what effects do the Durbin legislation and the CFTC regulatory action have? Are they the kind of &#8220-excessive&#8221- regulation contemplated by the Balls Clause? Given the circumstances of the trading activity and entities involved, and the tailored approach to a work-able regulatory solution, the answer would appear to be No. The proposals are intended to provide authority to the US commodities regulator over US individuals trading certain products on a foreign board of trade. The idea is to ensure that foreign markets offering contracts that mirror energy products traded on US exchanges should have the same transparency requirements as the US market. The Durbin legislation would give the CFTC the ability to exercise power over manipulation, speculation and record-keeping by US citizens and instructs the US regulator to assess the foreign regulator&#8217-s ability to apply comparable regulatory principles prior to granting relief from US regulatory requirements. Similarly, the CFTC&#8217-s action would condition access to US customers on the ICE&#8217-s adoption of position limits and accountability levels on the WTI contract.

PREDICTION MARKETS: Robin Hanson & Justin Wolfers

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I have been chatting with a prediction market practitioner (I won&#8217-t tell you who, and no, it&#8217-s not whom you think of) &#8212-shooting the breeze, and talking about the current state of the prediction market industry&#8230- taking about things and people&#8230- talking up some people&#8230- and badmouthing others ( :-D ).

At the end, the conversation barged on the issue of &#8220-advisory boards&#8220-. And he told me that Robin Hanson and Justin Wolfers have helped him TREMENDOUSLY &#8212-in terms of solving problems with new software features, case studies, applied research, etc.

Wow.