Tag Archives: 4th of July

What InTrade CEO John Delaney told the CFTC about “event markets” (prediction markets)

Written by Chris F. Masse on July 16, 2008 — 3 Comments

John Delaney (CEO of InTrade) – (InTrade PDF file – CFTC PDF file):
July 4th 2008
The Commodity Futures Trading Commission
Three Lafayette Centre
1155 21st Street NW
Washington, DC 20581
U.S.A.
Attention: Office of the Secretariat
RE: “Concept Release on the Appropriate Regulatory Treatment of Event Contracts”
To Whom it May Concern:
It is an honour for me as Chief Executive Officer of Intrade [...]

Posted in All Best Posts Ever, Analysis (Industry), Analysis (Meta), Exchanges & Markets, Regulations | Also tagged 202.418.5521, ABC, Acting Chairman, American Enterprise Institute, Andy Serwer, Arthur Levitt Jr., Bank of England, Bank of Japan, Bloomberg, Brookings Joint Centre, Bush, Cato Institute, CEO, CFTC, Charles Noussair, Chicago, Chicago Tribune, Chief Executive Officer, CNN, Commodity Futures Trading Commission, Congress, David Leonhardt, David Paton, David Pennock, de facto leader, Economics Reporter, economist, energy, Eric Zitzewitz, Erik Snowberg, European Central Bank, event derivative exchanges, event derivative markets, event derivatives, evet derivatives, federal government, Federal Reserve System, Florida, Fortune, Frankfurt, general public use, George Mason University, governor, HDDVD, Important Mission, InTrade, InTrade CEO, Ireland, Ivy League College, Jason Ruspini, John Delaney, Justin Wolfers, KING, Koleman Strumpf, Lafayette Centre, laws, Leighton Vaughan-Williams, London, managing editor, Marco Ottaviani, Mark J. Perry, Mark Perry, media businesses, Michigan, naturaldisaster, New York, North Korea, Paul Tetlock, prediction exchanges, Prediction Market Limited, prediction markets, President, price discovery information, Professor, professor of economics, Ray Disc, real-money prediction markets, Regulations, Reuters, Richmond, Robert Mugabe, Robin Hanson, Saddam Hussein, Secretary, Securities and Exchange Commission, Stephen Dubner, the Financial Times, The Los Angles Times, the New York Times, The Wall Street Journal, the Washington Post, TIME MAGAZINE, Toshiba, traded bets, U.S. Department of Energy, United States, United States Navy, University of Michigan-Flint, University of Westminster Business School, US government, USD, Wall Street Journal, Walt Lukken, What InTrade, White House, Yoshiaki Arata

PROF TOM W. BELL, PLEASE, DO SKIP THE PAGAN CELEBRATIONS, AND, PLEASE, DO RETURN TO YOUR DESK TO FINISH THE DRAFT OF YOUR COMMENT TO THE CFTC. THANKS FOR YOUR PRAGMATIC (NOT ‘ETHEREAL’) CONTRIBUTION TO “THE FUTURE OF HUMANITY”. (There is a hidden slam to Robin Hanson in this title. I wonder whether people will get the joke.)

Written by Chris F. Masse on July 4, 2008 — Leave a Comment

Posted in Art, Humor | Also tagged America, fireworks, Fourth Of July, HDR, HDR pictures, Humor, Independence Day, pictures, prediction markets, Robin Hanson, Tom W. Bell

GLUTTONY, OBESITY AND RUPTURED STOMACHS: TradeSports promotes a dangerous and abject spectacle.

Written by Chris F. Masse on July 4, 2007 — Leave a Comment

Nathans July 4th – Hot Dog Eating Contest – Outright Winner

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Slate:
As for more recent harms, you can’t top Mort Hurst’s Guinness World Record attempt in 1991. Hurst, a MoonPie-eating champ from North Carolina, suffered a stroke after eating 38 soft-boiled eggs in 29 seconds. He recovered and went on to compete again. Others weren’t [...]

Posted in Ethics, Exchanges & Markets, Market Prices & Probabilities | Also tagged California, Hyogo, Japan, John Delaney, Nintendo, North Carolina, prediction markets, stroke, water intoxication

North Korean Missile contract expiry.

Written by Chris F. Masse on January 21, 2007 — Leave a Comment

Climate expert James Annan has just mentioned the Seal Level Rise prediction market, at Foresight Exchange, and here’s what I read:
Judge’s Statement
Standard ambiguity clause: If the wording is found to be ambiguous the Panel will judge on the basis of the obvious intent. If the intent is ambiguous the Panel will judge on the basis [...]

Posted in Ethics, Exchanges & Markets, Market Contract Statements, Market Expiry | Also tagged Ireland, James Annan, Japan, judge, North Korea, US DoD, White House

Is HSX the “longest continuously operating prediction market”??? – REDUX

Written by Chris F. Masse on November 23, 2006 — 3 Comments

This is a copy of the story that I ran on the sidebar blog, in mid-October:
===============
From the HSX site feed:
Hollywood Stock Exchange is an integrated marketing, research and technology company driven by its patented entertainment stock market, HSX.com, the longest continuously operating prediction market.
Reality Check:
Foresight Exchange – (FX, FSX) – (Alberta, Canada) — URL: IdeoSphere [...]