Prediction Markets + Market Predictions = Collective Forecasting That Pays Off

Tag Archives: Internet search engine

Why the BetFair model is partially obsolete

Written by Chris F. Masse on August 8, 2008 — 40 Comments

I like BetFair and the BetFair people very much. I was the only blogger to talk up the BetFair starting price system and the BetFair brand-new bet-matching logic. But the other face of the coin is that 2 aspects of their model are rotten to the core.
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BetFair was created in 1999 and started off in [...]

Posted in All Best Posts Ever, Analysis (Industry), Exchanges & Markets, Internet Marketing - Internet Commerce | Also tagged , , , , , , , , , , , , ,

Chris Masse’s second comment to the CFTC on “event markets” (prediction markets)

Written by Chris F. Masse on July 9, 2008 — 3 Comments

Chris F. Masse
Midas Oracle
cfm —— midasoracle —— com
chrisfmasse —— gmail —— com
July 6th, 2008
Commodity Futures Trading Commission
Three Lafayette Centre
1155 21st St. NW
Washington D.C. 20581
Attention:
Office of the Secretariat- secretary@cftc.gov
Reference:
Concept Release on the Appropriate Regulatory Treatment of Event Contracts
73 FR 25669
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Just a technical note, before I give you my thoughts. In the following, I call “prediction market” [...]

Posted in All Best Posts Ever, Analysis (Industry), Analysis (Meta), Exchanges & Markets, Regulations | Also tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

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