Well, we’re here to help out the lost souls. 
Director and Founder: Intrade
Privately Held; 11-50 employees; Capital Markets industry
September 1999 – February 2002 (2 years 6 months)
I was one of the founders and a director of the company Intrade which set up one of the first sports exchanges in Europe.
Nowadays there is a vogue for calling these businesses prediction markets…which presumably mans there must be markets that don’t predict events and trade on past [occurrence]?
No, it means that prediction markets are optimized for simplicity and usability —as opposed to the other derivative markets, which are quite complicated and inaccessible to the mainstream people.
