Tag Archives: Federal Reserve System

Regulated U.S. election markets might not be so hard.

Posted on August 3, 2008 by Jason Ruspini

Based on the arguments Hedgestreet presented in its response to the CFTC on event markets, the exchange has a fairly strong justification to self-certify and begin trading election futures, soon. While most event markets trade as binary options, and the … Continue reading →

Posted in All Best Posts Ever, All Guest Authors's Posts, Analysis (Industry), Exchanges & Markets, Regulations | Tagged America, CFTC, Chicago Mercantile Echange, CME Group, event derivative markets, event derivatives, Federal Reserve System, HedgeStreet, law preemption, laws, political prediction markets, prediction markets, real-money prediction markets, Regulations, South Carolina, United States, United States Of America, USA | 18 Comments

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

Posted on July 16, 2008 by Chris F. Masse

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: â€œConcept Release … Continue reading →

Posted in All Best Posts Ever, Analysis (Industry), Analysis (Meta), Exchanges & Markets, Regulations | Tagged 202.418.5521, 4th of July, ABC, Acting Chairman, American Enterprise Institute, Andy Serwer, Arthur Levitt Jr., Bank of England, Bank of Japan, Bloomberg, Brookings Joint Centre, Bush, Cato Institute, CEO, CFTC, Charles Noussair, Chicago, Chicago Tribune, Chief Executive Officer, CNN, Commodity Futures Trading Commission, Congress, David Leonhardt, David Paton, David Pennock, de facto leader, Economics Reporter, economist, energy, Eric Zitzewitz, Erik Snowberg, European Central Bank, event derivative exchanges, event derivative markets, event derivatives, evet derivatives, federal government, Federal Reserve System, Florida, Fortune, Frankfurt, general public use, George Mason University, governor, HDDVD, Important Mission, InTrade, InTrade CEO, Ireland, Ivy League College, Jason Ruspini, John Delaney, Justin Wolfers, KING, Koleman Strumpf, Lafayette Centre, laws, Leighton Vaughan-Williams, London, managing editor, Marco Ottaviani, Mark J. Perry, Mark Perry, media businesses, Michigan, naturaldisaster, New York, North Korea, Paul Tetlock, prediction exchanges, Prediction Market Limited, prediction markets, President, price discovery information, Professor, professor of economics, Ray Disc, real-money prediction markets, Regulations, Reuters, Richmond, Robert Mugabe, Robin Hanson, Saddam Hussein, Secretary, Securities and Exchange Commission, Stephen Dubner, the Financial Times, The Los Angles Times, the New York Times, The Wall Street Journal, the Washington Post, TIME MAGAZINE, Toshiba, traded bets, U.S. Department of Energy, United States, United States Navy, University of Michigan-Flint, University of Westminster Business School, US government, USD, Wall Street Journal, Walt Lukken, What InTrade, White House, Yoshiaki Arata | 3 Comments

Details on how the Federal Reserve will TRY to crash real-money prediction exchanges InTrade-TradeSports and MatchBook

Posted on April 2, 2008 by Chris F. Masse

Via Betting Market, the Federal Reserve: Louise L. Roseman, Director, Division of Reserve Bank Operations and Payment Systems Internet gambling Before the Subcommittee on Domestic and International Monetary Policy, Trade, and Technology, Committee on Financial Services, U.S. House of Representatives … Continue reading →

Posted in Regulations | Tagged attorney general, bank, Bank commenters, card systems, certain designated payment systems, certain payment systems, chairman, check collection systems, Committee on Financial Services, Congress, correspondent, correspondent bank, cross-border Internet, designated payment systems, Director, Division, Federal Reserve Board, Federal Reserve System, financial services, foreign bank, foreign Internet, Gutierrez, Internet gambling, Internet Gambling Enforcement Act, Louise L. Roseman, Paul, payment systems, Ranking Member, Reserve Bank Operations, Secretary of Treasury, Secretary of the Treasury, stored-value systems, Subcommittee on Domestic and International Monetary Policy, U.S. House of Representatives, United States, unlawful Internet, unlawful internet gambling, Unlawful Internet Gambling Enforcement Act of 2006, US Federal Reserve, US Treasury, wire transfer systems, World Trade Organization | Leave a comment

Are U.S. banks capable of stopping transactions tied to event derivative traders made for speculating at InTrade-TradeSports and MatchBook?

Posted on April 2, 2008 by Chris F. Masse

New York Times: Congress to Take Testimony on Internet Gambling Ban By Matt Richtel The Unlawful Internet Gambling Enforcement Act of 2006 made it illegal for banks and other financial institutions to process online wagers. The goal was to find … Continue reading →

Posted in Regulations | Tagged author, Barney Frank, Betting, chairman, Congress, Department of the Treasury, Federal Reserve System, Gambling, House Committee on Financial Services, Internet betting and gambling, Internet gambling, Internet gambling ban, Internet Gambling Enforcement Act, law enforcement, Massachusetts, Matt Richtel, New York Times, Regulations, United States, Unlawful Internet Gambling Enforcement Act of 2006 | 2 Comments

In spite of their inherent complexity, Jason Ruspini’s tax rate prediction markets show some liquidity.

Posted on February 22, 2008 by Chris F. Masse

Not surprising: plenty of good advanced indicators. (David Pennock, do take notice. ) Jason “Avida Dollars” Ruspini’s tax rate prediction markets are finally accessible thru InTrade V2. Great. That allows me to publish dynamic charts, now. (With V1, there aren’t … Continue reading →

Posted in Exchanges & Markets, Market Liquidity, Market Prices & Probabilities | Tagged David Pennock, event derivative markets, event derivatives, event futures, Federal Reserve System, Jason Ruspini, prediction markets, tax event futures, tax futures, tax prediction markets, tax rate prediction markets | 3 Comments

Jason Ruspini’s Tax Rate Prediction Markets… are taking off.

Posted on February 14, 2008 by Chris F. Masse

Jason, Tell the InTrade techie to fix the mess on InTrade v2. Highest Marginal Single-Filer Fed Income Tax Rate to be Equal or Greater than 36% in 2009 Tax Year

Posted in Exchanges & Markets, Market Liquidity, Market Prices & Probabilities | Tagged Federal Reserve System, InTrade, Jason Ruspini, prediction markets, tax futures, tax prediction markets, tax rate futures, tax rate prediction markets | 2 Comments

Did the Fed make one of the biggest emergency rate cuts ever because of one rogue French trader?

Posted on January 26, 2008 by Chris F. Masse

Sources: New York Times via Bloomberg

Posted in Finance | Tagged Bloomberg, Federal Reserve System, Financial Markets, New York Times, Societe Generale, Trader | 1 Comment

Prediction Market Event Study —Fed Rate Cut Edition

Posted on January 24, 2008 by Chris F. Masse

Posted in Exchanges & Markets, Finance, Market Prices & Probabilities, The Global Economy | Tagged Federal Reserve, Federal Reserve System, InTrade, prediction markets | Leave a comment

An automated market maker subisdizes Robin Hanson’s presidential decision-aid markets on Intrade

Posted on January 7, 2008 by Chris F. Masse

Peter McCluskey: Automated Market Maker for certain Intrade contracts I have implemented subsidies to encourage trading of some conditional prediction market contracts that may provide useful information about the consequences of the 2008 presidential election, via a simple automated market … Continue reading →

Posted in Exchange Genesis, Exchanges & Markets, Market Makers (Automated), X Groups | Tagged automated market maker, Clinton, conditional prediction markets, Congratulations Robin, decision markets, decision-aid markets, Democrat president, Democratic party, Federal Reserve System, InTrade, Iraq, Justin Wolfers, oil prices, Peter McCluskey, prediction markets, President, presidential decision markets, Python, Republican U.S., Robin Hanson, United States, University of Westminster, US government, US Treasury, USD | Leave a comment

Market Probabilities on January 2008 FOMC

Posted on December 2, 2007 by Chris F. Masse

Stan Jonas (DutchBook Partners) to me: This chart captures (tick by tick) the “arbitrageable” probabilities of perhaps the most popular “bet” traded: the probability that the FED will move 50 basis points (i.e. twice) by the January 2008 FOMC. As … Continue reading →

Posted in Finance | Tagged Bank of England, central bank, DutchBook Partners, Federal Reserve System, FOMC, Norway, Stan Jonas, Sweden | Leave a comment

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