Tag Archives: IEM

Wolfy is cited FIVE TIMES in this prediction market story.

Political prediction markets @ Politico –> The sur-excited Wolfy exaggerates the usefulness of the prediction markets. –> ‘Yay, free markets!… Greed is good!… Yep, people respond to incentives!… Markets work!… Capitalism triumphs.’

Posted in All Best Posts Ever, Analysis (Accuracy & Precision), Analysis (Meta), Collective Forecasting, Collective Intelligence - Wisdom Of Crowds, Exchanges & Markets, Forecasting (Science & Practice), Market Liquidity, Market Prices & Probabilities, Prediction Post-Mortem, Predictions - Forecasts | Tagged , , , , , , , , , , , , , , | Leave a comment

Beware the propaganda sent out by the executives of the prediction exchanges

A Iowa Electronic Markets director has been caught (by a young student) red-hand over-selling the IEM predictive power…!!!… First of all, thank you for your continued work on the IEM. [MicroSoft Word file] It’s great to see a continued and … Continue reading

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Reuters cite InTrade and the IEM…

… but not HubDub with which they have a partnership. Still room for improvement, there.

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InTrade has surpassed BetFair and TradeSports (and the Iowa Electronic Markets, too).

InTrade’s PageRank is now 7 / 10 —while all the other major prediction market firms are at 6 / 10. It shows that the prediction market approach is paying off. Do provide journalist-friendly objective probabilistic predictions (expressed in percentages –not … Continue reading

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Illiquid prediction exchanges to liquid prediction exchanges: “You’re too volatile.”

- Previously: Emile Servan-Schreiber on InTrade’s volatility

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Nobel laureate Gary Becker and judge Richard Posner both wish that, one day, real-money prediction markets will be legal, without restrictions, in the United States of America.

Via David Pennock of Odd Head fame – Gary Becker: [...] I believe that online political prediction markets, and other online prediction markets as well, should be legal in the United States and elsewhere, even if the amounts bet were … Continue reading

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WORLD’S #1 PREDICTION MARKET GURU IMPLIES THAT THE PREDICTION MARKETS ARE NOT MATURE ENOUGH.

Posted in Analysis (Market Efficiency), Exchanges & Markets, Market Prices & Probabilities, Midas Oracle Archives | Tagged , , , , , , , , , , , , , , | 1 Comment

Is Intrade out on a limb?

As I write this, Intrade gives the advantage to McCain over Obama and has the Republican party even with the Democratic party to win the election, whereas all the other prediction markets, meaning IEM, Betfair, and the NewsFutures play-money kind … Continue reading

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2008 US Elections Prediction: John McCain is now the favorite at InTrade, while all the other prediction exchanges still have Barack Obama ahead. Is InTrade quicker to incorporate the latest polls because of the bigger liquidity of its prediction markets?

#1. Explainer On Prediction Markets – A prediction market is a market for a contract that yields payments based on the outcome of a partially uncertain future event, such as an election. A contract pays $100 only if candidate X … Continue reading

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Hedging your political ads on InTrade or the Iowa Electronic Markets

Centrist Messenger: How it works. Centrist Messenger will issue a refund of the purchase price of the advertisement, if and only if the single candidate that you selected as being supported by your ad does not win the general presidential … Continue reading

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