Prediction Markets + Market Predictions = Collective Forecasting That Pays Off

Tag Archives: HedgeStreet

HedgeStreet morphs into Nadex.

Nadex – North American Derivatives Exchange

North American Derivatives Exchange = Nadex = Ex-HedgeStreet

Apology to all (and to Chris Hibbert in particular), my link was broken, yesterday.
North American Derivatives Exchange
http://demo.nadex.com/
Thanks to our reader AE for the tip.

HedgeStreet becomes Nadex.

North American Derivatives Exchange
Thanks to our reader AE for the tip.

“Building an exchange is challenging. Be patient. It is complex. It will take time. The retail derivatives market has a huge future.”

Who said that? Russell Andersson of HedgeStreet… and just two months later HedgeStreet did belly up. So I can safely publish the fact that Russell Andersson is not a seer —without risking any “class-action” defamation suit.

From Deep Throat, we learned that Russell Andersson was laid off by HedgeStreet at the beginning of the [...]

Does Russell Andersson misrepresent himself on LinkedIn?

His LinkedIn profile describes him as “currently” holding a VP position at HedgeStreet:

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Reality Check:
- The “management team” page of the HedgeStreet website lists Yossi Beinart (President and CEO), Peter C. Lee (COO), and Timothy McDermott (General Counsel).
- The “board of directors” page of the HedgeStreet website lists Yossi Beinart (President and CEO), Peter Hetherington (Director) [...]

IG-owned HedgeStreet’s new prediction markets

New contracts:
- Initial Jobless Claims
- European Central Bank Rate Announcements
- Nonfarm Payrolls
- Unemployment Rate
HedgeStreet

Madoff liquidator subpoenas HedgeStreet.

Reuters

Prediction Markets in India

Eric Zitzewitz (in the November 2008 edition of The Analyst, an Indian publication for financial analysts):
I think the CFTC is likely to define a set of limits which, if followed, will subject a prediction [exchange] to CFTC regulation which will hopefully be lighter than their regulation of HedgeStreet (which essentially was so heavy-handed it killed [...]

At the contrary, mister Kirtland.

Contra Alex Kirtland, I believe that the development of play-money prediction exchanges using MSR (like HubDub or AskMarkets), which popularity is now proved, is much more important news than stuff about CFTC-regulated, real-money prediction exchanges (like HedgeStreet or the Cantor Exchange), which popularity is uncertain.
Inkling Markets, HubDub and AskMarkets have been techcrunched —that has not [...]

CFTC-regulated, real-money prediction markets about movie box office — Cantor Exchange

Cantor Exchange
http://www.cantorexchange.com/ — A twin site of the Hollywood Stock Exchange.
Here are my early thoughts about the “Cantor Exchange”. I regret to say that their “Cantor Exchange” website does not seem very usable. (I hope it is not a bad omen.) It is impossible for me to copy their explanations posted on their webpages (other [...]

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