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	<title>Midas Oracle .ORG &#187; BetFair US</title>
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		<title>GREAT NEWS: Stephen Burn is now the big boss at BetFair USA [*], and Gerard Cunningham is out. &#8211; [VIDEO]</title>
		<link>http://www.midasoracle.org/2010/03/12/stephen-burn-betfair-usa/</link>
		<comments>http://www.midasoracle.org/2010/03/12/stephen-burn-betfair-usa/#comments</comments>
		<pubDate>Fri, 12 Mar 2010 16:13:53 +0000</pubDate>
		<dc:creator>Chris F. Masse</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Exchange & Market Management]]></category>
		<category><![CDATA[Exchanges & Markets]]></category>
		<category><![CDATA[BetFair]]></category>
		<category><![CDATA[BetFair US]]></category>
		<category><![CDATA[BetFair USA]]></category>
		<category><![CDATA[Gerard Cunningham]]></category>
		<category><![CDATA[Stephen Burn]]></category>
		<category><![CDATA[The Sporting Exchange]]></category>
		<category><![CDATA[The Sporting Exchange US]]></category>
		<category><![CDATA[The Sporting Exchange USA]]></category>

		<guid isPermaLink="false">http://www.midasoracle.org/?p=20681</guid>
		<description><![CDATA[BetFair won&#8217;t release any public press release on all this, but they told me what&#8217;s on this site is accurate: Stephen Burn (previously director of horse racing) is taking over BetFair US leadership, including TVG. We have decided that the &#8230; <a href="http://www.midasoracle.org/2010/03/12/stephen-burn-betfair-usa/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<p><a href="http://corporate.betfair.com/media/press-releases.html">BetFair won&#8217;t release any public press release on all this</a>, but <a href="http://www.thoroughbredtimes.com/national-news/2010/March/11/Burn-replaces-Cunningham-at-Betfair-US.aspx">they</a> told me <a href="http://www.egrmagazine.com/news/520257/betfair-us-head-cunningham-to-go-after-strategy-review.thtml">what&#8217;s on this site is accurate</a>: <strong>Stephen Burn (previously director of horse racing) is taking over BetFair US leadership, including TVG.</strong></p>
<p style="padding-left: 120px;">We have decided that the strategy for the U.S. is to enhance our horse racing offerings and to support our global product development initiatives and therefore, at this point, <strong>Betfair wants the U.S. horse racing and engineering teams to integrate more closely with [United Kingdom] operations.</strong> Given these changes, Gerard decided to leave the company to pursue alternative opportunities.</p>
<p><a href="http://www.egrmagazine.com/news/520257/betfair-us-head-cunningham-to-go-after-strategy-review.thtml">More info</a>:</p>
<p style="padding-left: 120px;">Stephen Burn will now run Betfairâ€™s US horseracing business and <strong>Los Angeles office</strong>, reporting to Betfairâ€™s UK-based managing director of exchange, Mathias Entenmann.</p>
<p style="padding-left: 120px;">Ravi Keswani will continue to run the US engineering and product management teams and assume responsibility for the <strong>San Francisco office</strong>, reporting to Betfairâ€™s London-based chief technology officer Tony McAlister.</p>
<p>If you wanna know what Stephen Burn looks like, here&#8217;s an old video:</p>
<p><object width="640" height="385"><param name="movie" value="http://www.youtube.com/v/6We9TgsghgA&#038;hl=en_US&#038;fs=1&#038;color1=0x5d1719&#038;color2=0xcd311b"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/6We9TgsghgA&#038;hl=en_US&#038;fs=1&#038;color1=0x5d1719&#038;color2=0xcd311b" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="640" height="385"></embed></object></p>
<p>-</p>
<p>MY VIEWS: Some years ago, I e-mailed Stephen Burn (2 or 3 times) for info on BetFair (not knowing that he was not in the PR department), and he graciously forwarded each e-mail to right person at BetFair (instead of killing them, wrong recipient), and my requests got always satisfied. So, to me, the chap sounds like a nice gentleman. As for Gerard Cunningham, I was told by one betting exchange industry insider that he was not very enlightened.</p>
<p>-</p>
<p>[*] Technically, David Yu is the upper boss at The Sporting Exchange USA, if I remember well. Go to <a href="http://corporate.betfair.com/">http://corporate.betfair.com/</a> for more info. (Well, actually, you won&#8217;t find that info there. <img src='http://www.midasoracle.org/wp-includes/images/smilies/icon_biggrin.gif' alt=':-D' class='wp-smiley' />  Their corporate site is quite elliptic.)</p>
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		<title>No real-money prediction markets in the US till 2010 or 2011 &#8212;at best.</title>
		<link>http://www.midasoracle.org/2009/12/01/internet-betting-internet-gambling-united-states-of-america/</link>
		<comments>http://www.midasoracle.org/2009/12/01/internet-betting-internet-gambling-united-states-of-america/#comments</comments>
		<pubDate>Tue, 01 Dec 2009 17:36:24 +0000</pubDate>
		<dc:creator>Chris F. Masse</dc:creator>
				<category><![CDATA[Betting]]></category>
		<category><![CDATA[Exchanges & Markets]]></category>
		<category><![CDATA[Gambling]]></category>
		<category><![CDATA[Regulations]]></category>
		<category><![CDATA[2009]]></category>
		<category><![CDATA[2010]]></category>
		<category><![CDATA[2011]]></category>
		<category><![CDATA[Barney Franck]]></category>
		<category><![CDATA[BetFair]]></category>
		<category><![CDATA[BetFair US]]></category>
		<category><![CDATA[BetFair USA]]></category>
		<category><![CDATA[Gerard Cunningham]]></category>
		<category><![CDATA[Internet betting]]></category>
		<category><![CDATA[Internet betting and gambling]]></category>
		<category><![CDATA[Internet gambling]]></category>
		<category><![CDATA[laws]]></category>
		<category><![CDATA[real-money prediction markets]]></category>
		<category><![CDATA[The Soorting Exchange USA]]></category>
		<category><![CDATA[The Sporting Exchange]]></category>
		<category><![CDATA[The Sporting Exchange US]]></category>
		<category><![CDATA[United States Of America]]></category>
		<category><![CDATA[USA]]></category>

		<guid isPermaLink="false">http://www.midasoracle.org/?p=19746</guid>
		<description><![CDATA[Start-Ups Hedging Their Bets On Online-Gambling Legislation. Wall Street Journal: Gerard Cunningham, president of BetFair US, the worldâ€™s largest legal online gaming company, isnâ€™t confident that the bills will get their proper hearing in Congress soon. â€œThe challenges those bills &#8230; <a href="http://www.midasoracle.org/2009/12/01/internet-betting-internet-gambling-united-states-of-america/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<p><strong>Start-Ups Hedging Their Bets On Online-Gambling Legislation.</strong></p>
<p><a href="http://blogs.wsj.com/venturecapital/2009/11/27/start-ups-hedging-their-bets-on-online-gambling-legislation/">Wall Street Journal</a>:</p>
<p style="padding-left: 120px;"><strong>Gerard Cunningham, president of BetFair US, the worldâ€™s largest legal online gaming company, <span style="color: #ff0000;">isnâ€™t</span> confident that the bills will get their proper hearing in Congress soon.</strong></p>
<p style="padding-left: 120px;"><strong>â€œThe challenges those bills face is the amount of things going on in Washington,â€ Cunningham said. â€œThey have other concerns now&#8230; <span style="color: #ff0000;">maybe next year&#8230; maybe the year after</span>.â€</strong></p>
<p><strong><a href="http://reason.com/archives/2009/12/02/bet-blockers">2010 &#8230; 2011</a></strong></p>
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		<title>BetFair Growing 30%, Easing over the Pond, and Hiring 50 Valley Engineers</title>
		<link>http://www.midasoracle.org/2009/08/25/betfair-growing-30-easing-over-the-pond-and-hiring-50-valley-engineers/</link>
		<comments>http://www.midasoracle.org/2009/08/25/betfair-growing-30-easing-over-the-pond-and-hiring-50-valley-engineers/#comments</comments>
		<pubDate>Tue, 25 Aug 2009 18:55:32 +0000</pubDate>
		<dc:creator>Chris F. Masse</dc:creator>
				<category><![CDATA[Analysis (Industry)]]></category>
		<category><![CDATA[Betting]]></category>
		<category><![CDATA[Exchanges & Markets]]></category>
		<category><![CDATA[Journalism]]></category>
		<category><![CDATA[BetFair]]></category>
		<category><![CDATA[BetFair US]]></category>
		<category><![CDATA[BetFair USA]]></category>
		<category><![CDATA[betting markets]]></category>
		<category><![CDATA[David Yu]]></category>
		<category><![CDATA[event derivative markets]]></category>
		<category><![CDATA[prediction markets]]></category>
		<category><![CDATA[TechCrunch]]></category>
		<category><![CDATA[The Sporting Exchange]]></category>
		<category><![CDATA[United States Of America]]></category>

		<guid isPermaLink="false">http://www.midasoracle.org/?p=16580</guid>
		<description><![CDATA[BetFair Growing 30%, Easing over the Pond, and Hiring 50 Valley Engineers TechCrunch republishes BetFair&#8217;s PR material. No independent analysis in this TechCrunch story. Nothing about problem gambling, for instance. Nothing about InTrade, BetFair&#8217;s competitor. TechCrunch = stenographers]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.techcrunch.com/2009/08/25/betfair-growing-30-easing-over-the-pond-and-hiring-50-valley-engineers/">BetFair Growing 30%, Easing over the Pond, and Hiring 50 Valley Engineers</a></p>
<p>TechCrunch republishes BetFair&#8217;s PR material. No independent analysis in this TechCrunch story. <strong>Nothing about <a href="http://en.wikipedia.org/wiki/Problem_gambling">problem gambling</a>, for instance. Nothing about <a href="http://www.intrade.com/">InTrade</a>, BetFair&#8217;s competitor.</strong></p>
<p>TechCrunch = <a href="http://journalism.indiana.edu/news/woodward-journalism-is-not-stenography/">stenographers</a></p>
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		<item>
		<title>BetFair USA in Silicon Valley is building a social betting website.</title>
		<link>http://www.midasoracle.org/2009/07/17/betfair-usa-silicon-valley/</link>
		<comments>http://www.midasoracle.org/2009/07/17/betfair-usa-silicon-valley/#comments</comments>
		<pubDate>Fri, 17 Jul 2009 09:44:49 +0000</pubDate>
		<dc:creator>Chris F. Masse</dc:creator>
				<category><![CDATA[Exchanges & Markets]]></category>
		<category><![CDATA[Internet Marketing - Internet Commerce]]></category>
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		<category><![CDATA[Silicon Valley]]></category>
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		<guid isPermaLink="false">http://www.midasoracle.org/?p=15356</guid>
		<description><![CDATA[CNN Money: The plan is to build a technical team that can combine that television property with a brawnier website, which can stream live horse races to viewers and add all the social media bells and whistles, including Twitter feeds, &#8230; <a href="http://www.midasoracle.org/2009/07/17/betfair-usa-silicon-valley/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<p><a href="http://money.cnn.com/2009/07/14/technology/online_gambling.fortune/">CNN Money</a>:</p>
<p style="padding-left: 90px;">The plan is to build a technical team that can combine that television property with a brawnier website, which can <strong>stream live horse races to viewers</strong> and add <strong>all the social media bells and whistles, including Twitter feeds, chat and blogging</strong> &#8212; to make the horse-racing experience more akin to watching an episode of &#8220;Lost&#8221; on Hulu. [...]</p>
<p style="padding-left: 90px;">The technical team he is building in Silicon Valley is therefore taking a very modular approach to what its building online so that <strong>various components of online gambling can be turned on and off depending on the laws in individual states (or even countries).</strong> So that might mean poker and horseracing in one state, and sports betting in another. [...]</p>
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