Tag Archives: event futures markets

I told you that vice presidential search committees and VP prediction markets are complete bullshit, didn’t I?

The McLaughlin Group of mid-June (yes, I know, that’s last month): MS. BERNARD: Well, here’s what I think. I think the dirty little secret is Barack Obama probably already knows who he’s going to select to be his vice presidential … Continue reading

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WEB EXCLUSIVE: — The annoted, historical, compound chart that those triple morons at the BetFair blog are hiding from their readers’ view. — It is located in a secret cache, linked to behind a picture of Hillary Clinton. — Curious place to locate a prediction market chart. — I bet nobody downloaded that chart. –

- – For comparison, InTrade:

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2 days after my ringing the alarm bell… THE FREE FALL

- My first warning: June 4. + My second warning: June 4, later that day. + My third warning: June 5. – Now, spot the timeline in the event derivative chart below. – - Take that, Mike R. – TAKEAWAY: … Continue reading

Posted in Betting, Exchanges & Markets, Market Liquidity, Market Prices & Probabilities, Prediction Journalism | Tagged , , , , , , , , , , , , , , , , , , , , , | 4 Comments

Don’t trade on the VP predictions markets. — Don’t bet on Hillary Clinton as VP. — Don’t listen to betting bloggers who tell you that Hillary Clinton has a chance to be on the Democratic ticket. — Don’t believe in “vice presidential selection committees”. — Select well your primary, advanced indicators. — Choose your bets carefully.

The topic of this post is: Betting & Information – - #1. Don’t trade on the VP predictions markets. I have stong reservations about those VP prediction markets. Only 2 men in the world know what is going to happen: … Continue reading

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JIMMY CARTER: Picking up Hillary Clinton on the Democratic ticket “would be the worst mistake that could be made”.

The Guardian Take that, Mike R. – Reminder: I have stong reservations about those VP prediction markets. (But Bo compels me to publish about them anyway. ) – InTrade – Democratic Vice President Nominee – Republican Vice President Nominee – … Continue reading

Posted in Exchanges & Markets, Market Liquidity, Market Prices & Probabilities, Politics | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , | 1 Comment

JASON RUSPINI’S CROCKERY: The Brain states forcefully that they are not “event futures”, but “binary options”. Still, as soon as he premieres prediction markets on tax rates at InTrade, he calls them “tax futures” —of course.

- Measured Enthusiasm for Prediction Markets – (PDF file) – by Jason Ruspini. – My thoughts: Peter McCluskey thinks they are “futures”. PAM was only extremely marginally about “terrorism and assassination futures”. Even though they don’t do much more than … Continue reading

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CFTC regulation and election contracts

Insofar as event markets are within the CFTC’s jurisdiction, they would likely be approved as “excluded commodities”. Here is the relevant part of the definition within the Commodity Exchange Act: (iv) an occurrence, extent of an occurrence, or contingency (other … Continue reading

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WEB EXCLUSIVE: What Vernon Smith told the CFTC about the social utility of the event derivative markets —the so-called “prediction markets”

Professor Vernon Smith (2002 Nobel Laureate, Economics) —PDF file: 1. On oversight: I suggest that initially this function be entirely limited to a monitoring and data archive function. Such information should be available for experimental, econometric, finance and other research … Continue reading

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Will the CFTC agree to license and regulate real-money prediction markets?

I think that it’s a kind of prediction markets whose contract should be designed by a lawyer or law professor. – qmwztlxb1.hdwg div {color:inherit;font:inherit} .hdwg a{font:inherit} .hdwg div{margin:0px} .hdwg img {border:0px;padding:0px} .hdwg img {padding:0px} what is this? Will The CFTC … Continue reading

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Who will be the next US Vice President, past January 2009?

UPDATE: – To be kept updated on the prediction markets, go to the frontpage of Midas Oracle, or click on the InTrade tag. – Here are the expired contracts about the Democratic vice presidential nominee (Joe Biden). – Here is … Continue reading

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