Basically, Joseph Stiglitz said that the early academic-only prediction markets were rather good, but when they became more popular, they got being manipulated. Instead of asking for the evidence on that, Max Keiser nodded his approval. Well, to be fair, Max has always had this kind of heretic (for me) views —so there is nothing new under the sun.
Political prediction markets open up a new way to buy votes… by manipulating price.
That’s roughly what they discussed together. They developed that a bit.
I will put up the YouTube videos tonite or tomorrow, for you to watch them, if you can’t catch BBC World News on your cable or satellite.
FYI, HubDub (not InTrade or BetFair) was cited on Putin.
(By the way, HubDub CEO Nigel Eccles is on the East Coast these days, so if you want to meet him, send him an e-mail.)
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