Sports Risk Index would allow you to hedge risks on sport prediction markets.

The patent.

The latest developments. (audio)

I am skeptical, since the US Congress has just outlawed movie prediction markets, but I wish good luck to Chris Rabelais et al. Maybe the political scene will be different next year, who knows.

UPDATE: As you’-ve understood, I was talking about CFTC-approved real-money prediction markets, here.

Sports Risk Index would allow you to hedge risks on sport prediction markets.

The patent.

The latest developments. (audio)

I am skeptical, since the US Congress has just outlawed movie prediction markets, but I wish good luck to Chris Rabelais et al. Maybe the political scene will be different next year, who knows.

UPDATE: As you’ve understood, I was talking about CFTC-approved real-money prediction markets, here.

It is now legal in the UK to lay down your own horses. – [Industry Jurisprudence]

- In the Harry Finlay case, the BHA appeal panel says that in its view, “-a clear distinction needs to be drawn between a lay bet placed as part of a corrupt practice or even conspiracy and a betting strategy which has not interfered in any way with the integrity of the race and in particular the running of the horse in question.”-

- More.

- Mark Davies’-s take.

All links thru Niall O’-Connor, who also alerts us about the future BetFair flotation.

Why does the CFTC allow the Cantor Exchange and not InTrade?

Joe Weisenthal has a small opinion piece on why the CFTC allows real-money prediction markets on movie business, and bans those on politics or sports. The problem in the piece is that Joe is 100% wrong.

  1. Joe says that there can’-t be hedging in politics. Wrong. You can hedge your political ads on InTrade.
  2. Joe says that there can’-t be hedging in sports. Wrong. Businesses that operate inside a stadium could hedge the risk of the home team losing (which means less business for them).

So. why does the CFTC shy away from hedging on sports and politics? –-&gt- Politics. The CFTC is afraid of the US Congress, who would object to politics and sports “-gambling”-.

The CFTC is a weak institution, in the DC sphere of power. In the recent past, the CFTC lost one important battle against other parts of the US government —-even though it was the CFTC that was on the right side of the issue at the time. With politics and sports betting, the CFTC does not want to lose another battle. It is a question of survival.

Cantor Exchange in the New York Times

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Richard Jaycobs uses the adjective “-tremendous”-. But here’-s what the journalo says:

But buyers beware: if “Avatar” is any indication, the public isn’t always so wise about Hollywood fortunes. Most users of HSX.com predicted a flop, and if those users had placed real money on the Cantor exchange, they would have taken a serious hit.

http://www.cantorexchange.com/

http://www.hsx.com/

Rejection of the patent claims involving a method of hedging risks in commodities trading

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Wikipedia:

The applicants (Bernard L. Bilski and Rand Warsaw) filed a patent application (on 10 April 1997) for a method of hedging risks in commodities trading. Such patent claims are often termed business method claims. [...] Bilski’-s method claim was patent-ineligible because it did not “transform any article to a different state or thing.” [...]

It has been widely reported that the Bilski decision will call into question the validity of many already issued business method patents. [...]

Read the whole thing.

Via our Jason Ruspini