Tag Archives: Chicago Tribune

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

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 … Continue reading

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Will HedgeStreet USA, the hypothetical InTrade USA, and the hypothetical TradeFair USA, be regulated in the future by a merged SEC+CFTC regulatory structure?

That sounds like a good prediction market proposal. – As you all know: The SEC regulates the securities markets (which support capital formation). The CFTC regulates the futures markets (which exist to discover prices). The SEC is rules based, meaning … Continue reading

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The US futures exchanges should not control clearing.

… says the US DOJ. The Justice Department called for a shake-up of financial-futures exchanges, saying current policies may have inhibited competition. – WSJ $$$ Chicago Tribune FT BW

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Five Reasons the Prediction Market Critics Are Wrong.

1. It really was an upset – As it has been pointed out elsewhere, the Clinton victory was a surprise to everyone. Favorites can lose. But so what? Ordinarily, that’s not a market flaw or a reason to doubt the … Continue reading

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2016 Summer Olympics in Chicago: Prediction Markets, anyone??

Next: Chicago won’t have the Olympics in 2016. Next: The Chicago candidacy, which was favored by the prediction markets (and gullible bettors like Ben Shannon), is the one that fared the worst. Next: Why an analyst should assess each newly … Continue reading

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Technology Prizes & Prediction Markets

ABC7 Futures Market: Will the $25 million dollar reward for developing something that will extract greenhouse gases be handed out in the next 5 years? — Virgin Earth Challenge: The Virgin Earth Challenge is a prize of $25m for whoever … Continue reading

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Debunking HSX Alex Costakis’ conspiracy theory

#1. There’s a story covering Inkling Markets and (not extensively) the corporate prediction markets in the Chicago Tribune. Here’s an interesting excerpt: In the real world, the reason people use markets is to make money. If an outcome is accurately … Continue reading

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CME gobbles CBOT. Good news or bad news for HedgeStreet?

Chicago Tribune – Note: HedgeStreet is partially owned by the CBOE (which is a CBOT subsidiary). Addendum (October 18): JC Kommer corrects me. “CBOT doesn’t own the CBOE; the CBOE is owned by its members; some ex-full members of the … Continue reading

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