Sell everything. 
Jason Ruspini will probably point the cause of the problem to InTrade’-s transaction cost structure.
Arbitraging on InTrade
4
Daily Archives: October 2, 2008
Our play-money prediction exchanges should partner with non-profits.
CORRECTION: It’-s Predictify who comes up with the $100k, not Rock The Vote.
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Predictify (a prediction platform, not a prediction exchange) is partnering with Rock The Vote.
As I understand it (BEWARE: the Press release is not that clear about where the money comes from), Rock The Vote (a 501c, I suppose) forks over $100.000, which Predictify uses as a prize pool to be handed out between the winners of a 2008 US election forecasting game.
I don’-t get what Rock The Vote gets out of this deal, but that’-s their problem. Rock The Vote gets the free publicity.
I see it as a good idea, and I think that our prediction exchanges should be seeking out deals such as that one with non-profit organizations…- or commercial sponsors. It would attract more traders to our prediction markets.
Barney Franks Payment System Protection Act (HR6870)
…- is a shitty bill…- since it excludes sports betting.
RELATED: A news article (in French) implies, between the lines, that BetFair (who always respected the US laws) should be later granted a license to operate in the US, the day it becomes legal, while InTrade-TradeSports (who didn’-t) should not be granted a license. Hummm…-
EXTERNAL LINK: iMEGA
THANKS: Tip via mister Emile of NewsFutures