Tag Archives: Financial Times

BRITISH CRETINERY: The Financial Times features the InTrade probabilities —not the BetFair ones.

This is really stupid. The decerebrated journalos at the FT chose to feature the illiquid, Ireland-based, un-regulated InTrade prediction markets instead of the very liquid, UK-based, regulated BetFair prediction markets on the next British congress. Makes no sense at all. … Continue reading

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Prediction markets on US political elections: The Financial Times praises InTrade and snubs BetFair.

Financial Times: Politics has won InTrade a lot of publicity [*], but its core markets are financial. [**] In Britain, politics tends to be the concern of companies that otherwise focus on sport. [***] [*] The Financial Times never mentions … Continue reading

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Are the Financial Times writers overly bullish on gambling companies’ stocks?

Betting Market thinks so.

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Robust, the prediction markets are the best mechanism for aggregating information. Thus, companies should use them for assessing strategy and hedging risks.

Via Emile Servan-Schreiber of NewsFutures, John Auters in the Financial Times. [...] This leads to [Justin Wolfers]‘ claim that [prediction markets] are the best way to aggregate information. This is true of any given amount of information. Take three economists … Continue reading

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??? charity-driven prediction markets OR social issue prediction markets ???

BOTH. But, contrary to what Lucy Berholtz thinks, the former will go further than the latter —in my view. – My thoughts about the Financial Times article on Bet2Give: I have said from day one that it’s a great idea. … Continue reading

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Prediction exchanges let traders buy and sell contracts on the likelihood of future events. Contracts are structured so the prices can be read as a percent likelihood of an event occurring.

I have noticed in the past that Reuters was the only reporting organization, besides Midas Oracle, to use the term, “prediction exchanges“. I like that. I think Reuters are great. Psstt… “on the likelihood of the outcome of a partially … Continue reading

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Justin Wolfers nailed it.

Financial Times: There was not a single pundit, poll or alternative prognosticator that got last night right. So, why are critics picking on the prediction markets, and not on the polls, the pundits, or the alternative forecasting tools, then?

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Binary Betting + Spread Betting

Here are two short Financial Times articles, for our British readers: Binary Betting Spread Betting I am not sure you, guys/gals, are able to access these articles for free. If that’s not the case, let me know.

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Financial Times prints BetFair’s digital odds.

If I were the web editor of the Financial Times, I would request my writers to translate the digital odds into probabilities expressed in percentages. — In the U.K., who will be the next full time leader of the Liberal … Continue reading

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Deep-Pocketed Manipulators are a Prediction Market’s Friend.

The re-publication of the Tim Hartford column on possible manipulation of the Clinton prediction market at Intrade provides an occasion for additional thought. (As noted by Chris Masse, on July 7 Slate published the Hartford column that initially appeared June … Continue reading

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