Tag Archives: bettors

Hackers did get into BetFair’s customer data, but BetFair kept quiet about it. — [LINK]

Betfair is in for a rough ride over data theft. Thanks for one faithful reader for the tip.

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

Once again, Robin Hanson exaggerates the usefulness of the prediction markets. — [ANALYSIS]

InTrade’s prediction markets on the recent Arab revolutions didn’t bring anything interesting in our understanding of the Middle East. Robin Hanson’s insistence is absurd.

Posted in Analysis (Accuracy & Precision), Exchanges & Markets, Forecasting (Science & Practice), Prediction Post-Mortem | Tagged , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Justin Wolfers didn’t inform the Freakonomics readers about InTrade’s mistake related to the contract statements of the ‘dictator departure markets’. – [RANT]

Justin Wolfers, Robin Hanson, James Surowiecki, John Stossel and the Wall Street Journal diarists [*] are not motivated by the love of the truth and the defense of the traders. They never say a word about the dark face of … Continue reading

Posted in All Best Posts Ever, Collective Intelligence - Wisdom Of Crowds, Ethics, Exchange & Market Management, Exchanges & Markets, Market Contract Statements | Tagged , , , , , , , , , , , , , , , , , | Leave a comment

Arab Revolt Prediction Markets – {Predictions for next Arab country to revolt} – {Which country is the next ‘domino’?} – {What will happen in the Middle East & Northern Africa?} – [PREDICTION MARKET CHARTS]

Predictions for next Arab country to revolt: Libya — Muammar al-Gaddafi – [5 spellings: Gaddafi, Qaddafi, Gadhafi, Khadafy and Khadafi]: Bahrain — Khalifah ibn Sulman al-Khalifah: Yemen — Ali Abdullah Saleh: Iran — Mahmoud Ahmadinejad: Iran — Seyed Ali Hoseyni … Continue reading

Posted in Exchanges & Markets, Market Genesis, Market Liquidity, Market Prices & Probabilities, Predictions - Forecasts | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Soccer match fixing in Turkey – [AUDIO]

Ex-BetFair Mark Davies‘s opinion is 4 minutes into the sound file.

Posted in Betting, Ethics, Regulations | Tagged , , , , , , , | Leave a comment

InTrade’s Brand-New Rules for Departure Markets – [MARKET CONTRACT STATEMENTS]

InTrade: IMPORTANT: Rules for Departure Markets Friday, Feb 18, 2011 As detailed in a previous Exchange News item, we have launched a new series of markets for the departure of various leaders in the Middle East region. These contracts are … Continue reading

Posted in Exchanges & Markets, Market Contract Statements | Tagged , , , , , , , , , , , , | Leave a comment

InTrade took ample time to settle the (redux) Mubarak contracts. – [PREDICTION MARKET CHART]

They waited some time before settling the 3 markets, as you can spot on this chart: After a big fail, one can never be too prudent. Previously: InTrade CEO John Delaney apologizes for the ‘Mubarak Departure’ prediction market scandal. — … Continue reading

Posted in Analysis (Accuracy & Precision), Exchange & Market Management, Exchanges & Markets, Market Expiry, Market Liquidity, Market Prices & Probabilities, Prediction Post-Mortem | Tagged , , , , , , , , , , , , | Leave a comment

InTrade CEO John Delaney apologizes for the ‘Mubarak Departure’ prediction market scandal. – {Mubarak Market Unwound} – [VICTORY]

Chris Van Niekerk (yesterday, February 7, 2011): John, I am calling on you to fix this problem before the story spreads outside of this forum [*] and takes on a life of its own. [*] Last week, Midas Oracle offered … Continue reading

Posted in All Best Posts Ever, Ethics, Exchanges & Markets, Market Contract Statements, Market Expiry | Tagged , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

InTrade try to clean up the mess, without acknowledging their mistake. – [OPINION]

“Intrade has listed a number of new markets related to the actual departure of President Mubarak.” What a shame. InTrade is managed by a bunch of incapable incompetents. FINAL UPDATE: InTrade CEO John Delaney apologizes for the ‘Mubarak Departure’ prediction … Continue reading

Posted in Ethics, Exchange & Market Management, Exchanges & Markets, Market Contract Statements, Market Genesis, Market Prices & Probabilities | Tagged , , , , , , , , , , , , | Leave a comment

Big trader furious at how InTrade settled the ‘Mubarak Departure’ prediction markets (even though the Egyptian dictator is still in power, at publication time) is suing their pants off using the German justice system as a springboard to get these Irish morons (namely John Delaney and Carl Wolfenden) to reckon their mistake. – [QUOTES]

Chris Van Niekerk: Well, I have come to the end of my wits here. This is very sad. The reputation of a business such as Intrade is the lifeblood of this type of operation. This sort of arbitrary expiry does … Continue reading

Posted in All Best Posts Ever, Ethics, Exchange & Market Management, Exchanges & Markets, Market Contract Statements, Market Expiry | Tagged , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment