Prediction Markets + Market Predictions = Collective Forecasting That Pays Off

Tag Archives: Hilary Clinton

Has the media narrative turned against Hilary Clinton?

… asks UK blogger Mike Smithson, who concludes that… yes, the Hillary Clinton event derivatives are topping… and thus Mike Smithson commits to selling them short.
If she gets the nomination but fails to win the overall race I get £285. If she becomes president I lose £840.
Bad analysis. I predict that Mike Smithson will have [...]

Do Gambling Laws Threaten Prediction Markets?

Because prediction market traders generally rely more on skill than on chance to win, I’ve argued that they do not qualify in “gambling” as defined by U.S. law. I’ve also admitted, however, that over-ambitious prosecutors might see the matter differently. A recent email exchange I had with Prof. George R. Neumann, who serves [...]

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