David Pennock:

Cantor’s mechanism is pretty clearly an intelligent automated market maker that mixes prior knowledge and market forces [...].

When I first got an iPad, I was sold on it being the ultimate piece of science fiction technology for gaming. I think it is the most interesting new technology product I’ve worked on in years and I really wanted to make games for it.

I don’t think a lot of people are really thinking yet what games mean on these touch platforms, the joystick is gone, there is no proxy in between you and the screen anymore. When I first saw the photos being rotated and pinch / zoomed on the iPhone, I knew things had changed forever, and people are trying to insert something back in there when clearly the best applications are the ones where the screen is a window onto a world that you can touch. I am not a fan of virtual d-pads, pointers, or other crutches, we have an opportunity on these devices to let players hold, move, touch, and feel the game in front of them and I intend to focus on that.

People who invest in stocks should pile in on AAPL.

FanDuel

“20,000 users per month who have placed more than 65,000 bets worth more than $1 million to their winners since play started”

“I know a major newspaper in London that makes $15 million a year from sports betting alone.”

Download this post to watch the video if your feed reader does not show it to you.

• Gamers: Make almost any prediction you can think of about March Madness, the NCAA men’s basketball tournament.
• Sports fans: Check the crowd’s odds: Is St. Mary’s the next Cinderella?
• Economists: Play with a true combinatorial prediction market with 9.2 quintillion outcomes and a single pool of liquidity, unlike almost any other of today’s financial and prediction markets.
• Geeks: Ponder some of the interesting computer science challenges, including approximating #P-hard problems and an eerily similar sampling problem as faced by physicists.
• Everybody’s doing it.
• Barack Obama might do it, according to VentureBeat on NYTimes.com: “President Barack Obama will likely be busy this week [but]… maybe he’ll be able to sneak a peek at Predictalot on his BlackBerry between meetings.”

Download this post to watch the CNBC video –if your feed reader doesn’t show it to you:

Via Alexander Ainslie et al.

Addendum: Global Gaming Expo + Google News

I told you so. And kudos to David Pennock.

-

Gaming = an area that encompasses everything from playing virtual poker to selling likenesses of your friends as digital pets.

[...] develop engaging and viral games fast.

“There is quite a science around fine-tuning the product.“

Millions of users have downloaded games to their profiles.

-

“MILLIONS” –> $$$

It’s ad money, in the case above. But, later on, with new US laws favoring Internet betting and gambling, …

-

More about FaceBook applications

-