Category Archives: Money
Mastercard and Visa online gambling crackdown
Credit cards Mastercard and Visa have recently imposed restrictions on online gambling transactions to US customers, in preparation for the implementation of the anti-gambling legislation in June this year.
The following was reported by eGaming Review:
Mastercard crackdown leaves US players unable to pay
US-facing operators have been hit by an overnight crackdown on online gambling payments by [...]
What is the future of PayPal?
Scott Thompson, the President of PayPal:
About the richest 1% of Americans who own roughly half of the entire nation’s wealth
Born Rich – by Jamie Johnson
The One Percent – by Jamie Johnson
Midas Oracle is the only website in the world to have told you *not* to bet on Chicago —and to stay (far) away from any Olympics venue prediction market.
Previously: Will Chicago get the Olympics? Don’t bet on it. Too risky.
Had Ben Shannon listened to us, he would have spared $6,000 —yes, that’s six thousand US dollars.
Next: Could we have divined that Chicago was a lemon?
InTrade.Net’s free workforce: Calling a spade… a spade.
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Here’s my answer to Jamie Burrows:
Midas Oracle is an independent publication —independent from InTrade, and from the other prediction market organizations. We say what we want, here.
As I explained in my comment, there are 2 situations. Case #1 is Inkling Markets and HubDub who ask for volunteers and make it clear that there is no [...]
Wiser than the IRS?
He did not say, “I pay my taxes in the U.S.“:
Prediction markets are a zero-sum game.
Did you lose money betting on InTrade, lately? Well, your money ended up in the pocket of that guy:
UPDATE: There was nothing about “hating the game” in my post. It was just a reference to the “sheep and wolves” concept floated by Robin Hanson. (See also the Iowa Electronic Markets research on their traders.)
Get Rich Quick — InTrade’s new marketing trick
Buy John McCain at the end of 2007 (at around 5), sell high in 2008 —and get rich quick. That is what Bethan and her husband (Jonathan) did.
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Today, InTrade CEO John Delaney is trying to milk out this get-rich-quick story (or a similar enough story). His message: You, too, can get rich quick… —what it [...]
“Over the past 12 months, I’ve turned $200 into more than $25,000 via the Intrade prediction markets.”
Hank Scorpio
A little lady (who was featured in the ABC 20/20 story about InTrade) claims that she speculated on the McCain and Obama prediction markets and got a R.O.I. of 1,000% in less than a year.
And she is out with a Press release.
Via Fabian John (Financial Services Consultant)
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ABC 20/20 featuring InTrade – (May 9, 2008)
Foretelling The Future: Online Prediction Markets — (4 pages in all)
ABC video
YouTube video
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