Tag Archives: event derivative trader
“What public purpose is served in the oversight of these [event derivative] markets and what differentiates these [event derivative] markets from pure gambling outside the CFTC’s jurisdiction?”
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My short thoughts on the CFTC announcement:
Nothing new..
No good. Sports prediction markets won’t be allowed by the CFTC (no matter), and, thus, the US-based event derivative exchanges will never be profitable. (Remember that HedgeStreet V1 went into bankruptcy, even though they were well funded.)
Going forward, we are going to see an opposition between people (like [...]
“Prediction Market Hustler” = an event derivative trader (with bad ethics) who takes advantage of less skilled traders in real-money prediction markets.
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Somewhat Related: 7 Charged With Illegal Trading on Nymex
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??? BetFair bet-matching logic ???
While market design expert Chris Hibbert is puzzled by Niall O’Connor’s statement mentioning an automated trader, event derivative trader Ed Murray (who made a series of accusations against BetFair) has just written a comment bringing in some intriguing (but yet unconfirmed) facts [UPDATE: FOLLOW THIS LINK FOR MORE INFORMATION]:
Just one point, Betfair have already hired [...]
InTrade-TradeSports is still plagued by the North Korea Missile scandal.
Any good journalist writing up a piece on InTrade or interviewing John Delaney does mention the North Korea Missile scandal.
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Bet on It! – (page two – page three + a crappy listing of exchanges) – by Spectrum’s Steven Cherry
[...] Last year, a poorly worded contract by Tradesports caused a ruckus when some bettors lost money. [...]
FREAKONOMICS: John Delaney of InTrade-TradeSports.
Freakonomics (last month):
Q: Briefly, what is Intrade?
A: InTrade is a marketplace, just like eBay or the NYSE, that provides innovative markets to trade, and the best darn predictive information on uncertain future events bar none!
InTrade is a prediction exchange (betting exchange) that organizes the trading of event derivatives. It specializes in non-sports prediction markets. (For [...]
WHAT MIKE GIBERSON DIDN’T TELL YOU ABOUT THE ONE-MILLION INKLE MAN.
Adam Siegel (of Inkling) interviews their #1 event derivative trader:
7) What is one feature Inkling doesn’t have you would like to see?
Hmmm…. A good exchange rate to US dollars? (Ha ha ha). I’d like to see a tighter system for market cash-out. I dig the user-made-market thing, but it gets old real fast [...]
Event derivative trader Vancheeswaran has been expelled from the TradeSports-InTrade forum.
And, of course, no reason was cited.
Trade Exchange Network Membership Information
Dear vancheeswaran,
The site administrators have removed your access rights:
Violation of T&Cs
powered by eve community<http://eve.groupee.com/landing/goto.php?a=community>
Hummm… Quite vague. Do they dislike the truth, at Intrade-TradeSports? Here are two recent comments from Vancheeswaran.
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#1
INTRADE-TRADESPORTS: John Delaney LIED in his Freakonomics interview.
That’s what tries to demonstrate event derivative trader “Vancheeswaran” [...]
INTRADE-TRADESPORTS: John Delaney LIED in his Freakonomics interview.
That’s what tries to demonstrate event derivative trader “Vancheeswaran” in a comment on the Freakonomics blog post featuring a complacent interview of InTrade-TradeSports’ John Delaney.
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InTrade-TradeSports’ John Delaney:
We listed a market on whether the U.S. Government would formally report that North Korea tested a missile in a certain manner. While the media reported that North Koreans [...]
Event derivative trader Azazel pokes fun at InTrade-TradeSports.
Azazel:
Because I am a masochist, I think Tradesports should have contract groups relating to controversies surrounding management decisions at Tradesports. These would serve as a nice hedge for people who get screwed over by controversial decisions or are worried that the outcome of a pending decision might screw them over. Also (and I can’t believe [...]
Once again, wannabe dictator John Delaney censors a sound comment from a rational and well informed TradeSports trader.
On the TradeSports forum, once again, a legitimate comment from a TradeSports trader has been pruned. Here’s the line from event derivative trader “Vancheeswaran2″ that was expunged:
[...] Tradesports claims to be just like NYSE or LSE, but anyone pulling this crap in a legitimate exchange would find themselves in jail.
Previous: TradeSports Cost of Service 3 [...]
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