I was not drinking cranky juice when I told you that FaceBook can be leveraged to compete with InTrade, TradeSports, BetFair, NewsFutures, HubDub and the Hollywood Stock Exchange.

Famous Silicon Valley VC is among those ponying up $29 million to profit from that idea. (Use that tool to get to read the whole WSJ story.)

I told you so. And kudos to David Pennock.

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Gaming = an area that encompasses everything from playing virtual poker to selling likenesses of your friends as digital pets.

[...] develop engaging and viral games fast.

“There is quite a science around fine-tuning the product.

Millions of users have downloaded games to their profiles.

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“MILLIONS” –> $$$

It’s ad money, in the case above. But, later on, with new US laws favoring Internet betting and gambling, …

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More about FaceBook applications

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About Chris F. Masse

Founder and President of Midas Oracle
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