Monthly Archives: August 2009

How BetFair Works = How BetFair lies about the history of the betting exchange industry

How BetFair Works — VIDEO This BetFair video totally misinforms the public about the history of the betting exchange industry. It actually started in the United States of America, with the Iowa Electronic Markets in 1988, the ForeSight Exchange in … Continue reading

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Prediction markets, community-based knowledge forums, and collaborative information analysis platforms

Tap the Collective – Adam Siegel of Inkling Markets + Robin Hanson – @ Washington, D.C., U.S.A. – 2009-09-02 Via Melody

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Niall O’Connor = British activist

BettingMarket.com: “Supporting a boycott of overseas bookmakers who do not pay the Levy.”

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Betfair slammed for misleading ad

A little know pressure group calling itself Straight Statistics, challenged whether a claim made by Betfair, that the returns available to gamblers taking Betfair’s own Starting Price (BSP) were on average 40% better than those available to gamblers taking the … Continue reading

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What happened to Inkling Markets?

The Inkling Markets website is not on the first page for the “prediction markets” query at Google Search. It appears on the 3rd page —where nobody will find them. By the way, the NewsFutures website has re-made it to the … Continue reading

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The Obama administration detailed a sweeping plan to more closely oversee the giant market for derivatives.

“The 115-page draft bill would give the bulk of the proposed new powers over derivatives to the Securities and Exchange Commission and the Commodity Futures Trading Commission but also keep banking regulators in the mix by granting them authority to … Continue reading

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Chart Of The Day

http://twitter.com/chartoftheday

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InTrade’s volatility page is useless.

InTrade’s volatility page will be useful when they show the volumes. High volatility on small volumes is meaningless.

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Nate Silver, econometrician

“Here’s Intrade, where you can make about 2:1 on your money if the unemployment rate is below 10 percent in December.“

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Ben Shannon’s post…

… was misinterpreted by us. Our mistake. Deep Throat chalks up another one. Our apology to “Jesse Livermore”.

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