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Tag Archives: de facto monopolies
User revolt against the de facto monopolies in prediction markets?
InTrade (in the U.S.) and BetFair (in the U.K.) are de facto monopolistic, real-money prediction exchanges. Will those monopolies spur users to revolt? Will we see an open-source movement in prediction markets? That’s the question I asked privately to some … Continue reading
“BetFair’s de facto monopoly will eventually end…”
I agree with the second paragraph —but maybe not with the thesis of the post.
Posted in Analysis (Industry), Exchanges & Markets
Tagged BetFair, de facto monopolies, monopolies
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BetFair impose new “Premium Charges”, and their very active traders are up in arms. – Plus, do BetFair gag the critics?
My analysis of this PR debacle: BetFair has a very complex information technology system, which is very costly, making BetFair less profitable than the fixed-odds betting operators (the big British bookmakers). They attack the problem with a dual approach: they … Continue reading
Posted in Analysis (Industry), Ethics, Exchange & Market Management, Exchanges & Markets, Internet Marketing - Internet Commerce, Market Transaction Costs
Tagged bet exchanges, BetFair, BetFair blog, BetFair charges, BetFair costs, BetFair fee structure, BetFair fees, BetFair Forum, BetFair Premium Charges, BetFair Q & A, betting exchanges, betting markets, censorship, David Yu, de facto monopolies, Ethics, event derivative exchanges, event derivative markets, monopolies, prediction exchanges, prediction markets, The Guardian, The Sporting Exchange, transaction charges, transaction costs, transaction fees
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InTrade-TradeSports has a web server misconfiguration problem, and CEO John Delaney has a character problem.
As I wrote at the time, the InTrade-TradeSports websites were unavailable, last Friday, August 29, 2008, during a good part of the morning. InTrade-TradeSports is not only an event derivative exchange, but also a webspot that non-trading people often consult … Continue reading
Posted in All Best Posts Ever, Analysis (Industry), Ethics, Exchanges & Markets, Internet Marketing - Internet Commerce
Tagged bet exchanges, BetFair, betting exchanges, betting markets, de facto monopolies, Ethics, event derivative exchanges, event derivative markets, event derivatives, InTrade, John Delaney, monopolies, prediction exchanges, prediction market industry, prediction markets, Todd, TradeSports
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