Sports Risk Index would allow you to hedge risks on sport prediction markets.

The patent.

The latest developments. (audio)

I am skeptical, since the US Congress has just outlawed movie prediction markets, but I wish good luck to Chris Rabelais et al. Maybe the political scene will be different next year, who knows.

UPDATE: As you’-ve understood, I was talking about CFTC-approved real-money prediction markets, here.

Sports Risk Index would allow you to hedge risks on sport prediction markets.

The patent.

The latest developments. (audio)

I am skeptical, since the US Congress has just outlawed movie prediction markets, but I wish good luck to Chris Rabelais et al. Maybe the political scene will be different next year, who knows.

UPDATE: As you’ve understood, I was talking about CFTC-approved real-money prediction markets, here.

It is now legal in the UK to lay down your own horses. – [Industry Jurisprudence]

- In the Harry Finlay case, the BHA appeal panel says that in its view, “-a clear distinction needs to be drawn between a lay bet placed as part of a corrupt practice or even conspiracy and a betting strategy which has not interfered in any way with the integrity of the race and in particular the running of the horse in question.”-

- More.

- Mark Davies’-s take.

All links thru Niall O’-Connor, who also alerts us about the future BetFair flotation.

Europe-based bettors would do better without the gambling monopolies.

Right To Bet:

RIGHT2BET has exclusively revealed that throughout the World Cup European state betting monopolies offered their customers, on average, 32% worse odds than those available with private betting companies.

Monopoly customers wishing to back their home nation in South Africa were subjected to 35% worse odds than those being offered by the EU-licensed private sector operators that their governments do not allow them to use.

The startling figures have been revealed in the Right2bet World Cup Report which analysed the odds offered on every World Cup match by seven of Europe’-s biggest betting monopolies, before comparing them to the equivalent prices being offered by other licensed European operators.

The aim of the report was to investigate whether or not Europe’-s betting monopolies were short-changing their customers via the help of legislation which protects their existence and market dominance.

Right2bet is campaigning for the right of all European consumers to be able to bet with the licensed operator of their choice, regardless of the Member State in which they are based.

Right2bet spokesman Ari Last said: “-The figures emanating from this report are quite shocking. Millions of EU consumers who wanted to bet during the World Cup were subjected to hugely inferior prices by the monopolies that their governments strive so hard to protect.”-

“-The protectionist behaviour of certain Member States when it comes to online gambling is a situation that does not conform to the ethos of the single-market, and we hope that the findings of this report will highlight what is undoubtedly an unjust reality.”-

Right2bet World Cup Report key points:

• Monopolies offered their customers 32% worse odds than licensed private operators
• The ‘-Perfect Bettor’- forced to bet with a monopoly would have made €629 less than they would have done if they were allowed to bet with other EU-licensed operators in the private sector
• On average, a monopoly customer choosing to back the ‘-favourite’- throughout every one of the 64 tournament matches would have received 38% less value, while one who chose to back the ‘-outsider’- throughout each game of the tournament would have received 35% less value
• Monopolies offered customers wishing to back their home nation 35% worse odds than private operators
• It is clear from the results published in this report that consumers using online gambling services in the EU are receiving significantly lower value when forced to use a state monopoly provider

Country breakdowns:

• Germany: 48% worse off
• Sweden: 40% worse off
• The Netherlands: 35% worse off
• France: 31.5% worse off
• Greece: 31% worse off
• Denmark: 14.4% worse off

BetFair: Residents of Monaco are allow to use Betfair and all the accounts from Monaco are still opened.

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BetFair stated to me that, “-Residents of Monaco are allow to use Betfair and all the accounts from Monaco are still opened.”- Monaco people using a French ISP might run into temporary problems, though.

So, it seems that the few Monaco people reporting problems to me are in the minority, and there is no BetFair policy blocking Monaco bettors. Good to hear.

BetFair withdraws from France… and Monaco. – [UPDATED]

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As you all know, BetFair have closed all accounts from France residents.

Strangely, they also closed accounts from people living in the Principality of Monaco (an independent country that is recognized by the United Nations). Bizarre. If you have insider info, send them in to moi. Thanks.

UPDATE: BetFair stated to me that, “-Residents of Monaco are allow to use Betfair and all the accounts from Monaco are still opened.”- Monaco people using a French ISP might run into temporary problems, though.

So, it seems that the few Monaco people reporting problems to me are in the minority, and there is no BetFair policy blocking Monaco bettors. Good to hear.

John Stossel – Gambling in America – [VIDEO]

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Part 4 is about prediction markets and InTrade.

Part 4 is about InTrade’-s prediction markets: