Max Keiser weighs in on potential insider trading and hypothetical manipulation in the ObamaCare prediction market at InTrade.

Posted on March 16, 2010 by Chris F. Masse

Max says that the political prediction markets are “routinely manipulated” and we often see “price rigging”…

9:57 into:

Previously: What has been the best InTrade prediction market ever? Has the ObamaCare prediction market at InTrade been “ahead of the commentary”?

About Chris F. Masse

Founder and President of Midas Oracle
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4 Responses to Max Keiser weighs in on potential insider trading and hypothetical manipulation in the ObamaCare prediction market at InTrade.

  1. Paul Hewitt says:
    March 16, 2010 at 2:08 PM

    It would be nice to see his proof of manipulation in these (and other) markets. I believe him, but Robin Hanson will ask for proof. Otherwise, a few of Robin’s papers, concluding that manipulators *improve* market accuracy, will need to be filed in the recycling bin.

    And, of course, is Futarchy is f***ed, not just retarded.

  2. Jason Ruspini says:
    March 16, 2010 at 7:51 PM

    Why would you expect objectivity in Max’s ramblings? I mean he stated here with a straight face that McCain manipulated his own contract.

    These markets are thin though and since positions can be hedged to some extent in healthcare stocks, well, Y > X in the parlance of the Moldbug.

    But a strategy of “maybe it will stick to the wall” isn’t quite journalism.

  3. Jason Ruspini says:
    March 17, 2010 at 9:19 AM

    There was an “attack” on this market last night beginning around 2am in New York. Someone marked the close below 40, Smoking gun.. didn’t even require large volume.

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