http://www.midasoracle.org/2008/07/07/what-i-said-to-businessweek/ Prediction Markets, etc. Thu, 02 Feb 2012 23:13:18 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.midasoracle.org/2008/07/07/what-i-said-to-businessweek/#comment-20195 medemi Tue, 08 Jul 2008 00:02:01 +0000 http://www.midasoracle.org/?p=7466#comment-20195 The reality of the matter is, when you're dealing with a monopolist you don't have to expect any significant improvements which benefit the public. In stead, you might find yourself spending a lot of energy and time to make sure the clock doesn't go backwards. I could name you half a dozen, probably even a dozen significant improvements, of which I have seen none to date. What's even more worrying, is that the competitors haven't picked up on them. They prefer to behave like copycats, thinking that whatever the market leader does is holy. I find that very worrying, and it shows us what a lack of innovation, even ignorance, we're dealing with. The conclusion must be that the customer isn't central, not in the world of betting exchanges. Draw your own conclusions.  The reality of the matter is, when you’re dealing with a monopolist you don’t have to expect any significant improvements which benefit the public. In stead, you might find yourself spending a lot of energy and time to make sure the clock doesn’t go backwards. I could name you half a dozen, probably even a dozen significant improvements, of which I have seen none to date. What’s even more worrying, is that the competitors haven’t picked up on them. They prefer to behave like copycats, thinking that whatever the market leader does is holy. I find that very worrying, and it shows us what a lack of innovation, even ignorance, we’re dealing with.
The conclusion must be that the customer isn’t central, not in the world of betting exchanges. Draw your own conclusions. 

]]> http://www.midasoracle.org/2008/07/07/what-i-said-to-businessweek/#comment-20190 Medemi Mon, 07 Jul 2008 23:01:21 +0000 http://www.midasoracle.org/?p=7466#comment-20190 <em>see BetFair’s new bet matching system and starting-price system - </em>Those are great innovations. We are all thrilled about that. see BetFair’s new bet matching system and starting-price system
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Those are great innovations. We are all thrilled about that.

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