Tag Archives: betting exchanges

BetFair loses CEO, buys back shares… and increases premium charges on big traders. — [LINK]

Guardian: Share buybacks are a popular tactic for mature businesses and are typically employed when companies cannot think of efficient ways of deploying spare cash. However, Betfair was sold to investors in October as a company that had strong growth … Continue reading

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BetFair news — [LINKS]

- BetFair’s LMAX is a failure. – BetFair moves to Gibraltar. – CEO’s health.

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PREDICTALOT IS THE LARGEST PREDICTION EXCHANGE CREATED BY NUMBER OF OUTCOMES (9.2 QUINTILLION). — [LINK]

http://predictalot.yahoo.com/ Predictalot on FaceBook. David Pennock: I believe it’s the largest prediction market created by number of outcomes (9.2 quintillion). We’re approximating a #P-hard problem to get the odds. More here. I believe v0.3 is faster and easier to use … Continue reading

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Prediction markets are unable to accurately predict long-term outcomes, and they have poor records for accuracy and reliability, all of which are crucial for enterprise adoption.

Paul Hewitt: – How far in advance can prediction markets make accurate predictions? – How will we know the point in time when a prediction is ‘accurate’? – Why are there wildly different predictions of the same outcome in different … Continue reading

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BetFair’s David Yu speaks. – [VIDEO]

Download his post to watch the embedded video if your feed reader does not show it to you.

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Predict X = Play-money prediction markets

Predict X http://www.predictx.org/ FAQ Best wishes to Sebastian and Alexander.

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Jason Trost on BetFair: They haven’t innovated much, and they’re too pricey.

Jason Trost: Slow innovation: Aside from a few cosmetic tweaks, reliability improvements and the Starting Price feature, Betfair hasn’t innovated much over the last few years. For a company that boasts several hundred developers, it should be able to release … Continue reading

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Opponents of real-money prediction markets are strong and powerful.

Via Mike Giberson, Hollywood tries to block the Cantor Exchange. Previously.

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Prediction Markets APIs

Are our betting exchanges’ APIs programmable? Fred Wilson insists on read/write APIs (#5). Any comments?

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BetFair’s Mark Davies (the Prince of betting exchange PR) has just gotten a second omelet in the face.

First, the Financial Times —and, now, Freakonomics. The journalistic rule should be that, if you cite one prediction exchange, you should cite the one that is the most liquid on the market you are writing about. For UK politics, it … Continue reading

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