Tag Archives: betting exchange

TradeFair (the British equivalent of HedgeStreet) has opened 2 sets of prediction markets on UK and US politics.

Posted in Exchange Genesis, Exchanges & Markets | Tagged , , , , , , , , , | Leave a comment

OPEN-SOURCE PREDICTION EXCHANGE: How Smarkets is going to eat BetFair’s lunch —well, they hope.

TechCrunch UK There’s an interesting twist – they plan to offer an open API for people to develop their own betting applications and use the Smarkets infrastructure. Their idea is this: users don’t need knowledge of odds or experience. It’s … Continue reading

Posted in Exchange Genesis, Exchanges & Markets, Information Technology, Software | Tagged , , , , , , , , , , , , , , | 1 Comment

The best research papers on prediction markets

As seen by Andreas Graefe… IIF’s SIG on Prediction Markets Research Papers Basics Several studies explain the concept of prediction markets and provide useful summaries of the method, e.g. – Spann, M. & Skiera, B. (2003). Internet-based Virtual Stock Markets … Continue reading

Posted in All Best Posts Ever, Analysis (Accuracy & Precision), Analysis (Market Efficiency), Analysis (Meta), Economics, Exchanges & Markets, Forecasting (Science & Practice), Resources - References | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Is Big Brother being fixed in Great Britain? And are the alleged fixers using BetFair to make a fast buck (or “quid”, as they say in the U.K.)?

Via Ed, The Daily Mail: The Daily Star reveals that some punters are set to earn more than half a million pounds after a total bet of £971 was staked via BetFair on Nikki to win at 1000-1 shortly after … Continue reading

Posted in Betting, Ethics, Exchanges & Markets, Market Prices & Probabilities | Tagged , , , , , , , , , , , , , , , , , | 1 Comment

BetFair makes the frontpage of the New York Times –as the White Knight of sports. — Note that the term “prediction markets” is never pronounced. — TradeSports is not mentioned, but the last paragraph of the article suggests that all Internet sports betting should be legal and regulated.

- Previously: BetFair’s Mark Davies on sports betting and the fight against corruption -

Posted in Analysis (Meta), Betting, Exchanges & Markets, Regulations | Tagged , , , , , , , , , , , , , , , | 1 Comment

NEWS FROM DOWN UNDER: A political prediction exchange for New Zealand

Posted in Exchange Genesis, Exchanges & Markets | Tagged , , , , , , , , , | 4 Comments

BetFair is as innocent as a lamb… but their P.R. people can’t tell you that at this time. Here’s why.

- Dear Midas Oracle readers, Besides the facts about BetFair Malta’s combo market maker operating on the multiples (which Midas Oracle informed you about back in January 2007), you may have heard the rumor that BetFair UK (in HammerSmith, London) … Continue reading

Posted in Analysis (Industry), Ethics, Exchanges & Markets, Prediction Journalism | Tagged , , , , , , , , , , , , , , , , , , , , , | 20 Comments

Smarkets is a Web-based, person-to-person betting exchange platform built on the fusion of social networking and trading technology.

Still-in-beta Smarkets blog (the “about” page): Smarkets is a web-based, person-to-person betting exchange platform built on the fusion of social networking and trading technology. Unlike traditional methods of betting, online betting exchanges remove the bookmaker by allowing users to bet … Continue reading

Posted in Exchange Genesis, Exchanges & Markets | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

A Betting Exchange = A Bookmaker —> !??

BetFair: – Betfair Customer Services 19 Mar 18:27 Dear BetFair, I hope you will answer the following: Under current UK regulations you are not required by law to inform your customer base of changes in advance, but under FSA regulations … Continue reading

Posted in All Best Posts Ever, Analysis (Industry), Exchanges & Markets, Explainers | Tagged , , , , , , , | 1 Comment

Rasmussen Markets = InTrade’s Play-Money Prediction Markets

Rasmussen Markets = Yet another pointless and useless play-money prediction exchange, traded mainly by InTrade bots [*] —info that is not disclosed to the public, of course. [*] There aren’t any automated market makers at NewsFutures, my preferred play-money prediction … Continue reading

Posted in Exchanges & Markets, Market Liquidity | Tagged , , , , , , , | 2 Comments