Prediction Markets + Market Predictions = Collective Forecasting That Pays Off

Tag Archives: Jason Trost

Smarkets want to attract bettors that are (allegedly) scared to death by BetFair’s complexity.

Smarkets TechCrunch Geek’n Rolla Pitch from Smarkets on Vimeo.
Download this post to see the embedded video above —if your feed reader doesn’t show it to you.
Smarkets – Blog post

Paul Kedrosky … sucks. — Plus, Jason Trost is bashing InTrade and BetFair in order to boost his startup, Smarkets.

I will soon publish a full post on the relative accuracy of the VP prediction markets (and whether the prediction markets are useful at all, taking into account the occasional upsets theorized by Koleman Strumpf) —tackling Paul Kedrosky, Felix Salmon, and Barry Ritholtz.

By the way, I was pleased to see (elsewhere) that Emile Servan-Schreiber of [...]

OPEN-SOURCE PREDICTION EXCHANGE: How Smarkets is going to eat BetFair’s lunch —well, they hope.

TechCrunch UK
There’s an interesting twist – they plan to offer an open API for people to develop their own betting applications and use the Smarkets infrastructure. Their idea is this: users don’t need knowledge of odds or experience. It’s more about speed and entertainment than sports.
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Smart idea, but how will this crack the chicken-and-egg problem [...]

CALLING ALL DEEP THROATS: What is it that Smarkets want to do in Malta, E.U.? And what will Smarkets market anyway?

Smarkets is a Web-based, person-to-person betting exchange platform built on the fusion of social networking and trading technology.

Still-in-beta Smarkets blog (the “about” page):

Smarkets is a web-based, person-to-person betting exchange platform built on the fusion of social networking and trading technology. Unlike traditional methods of betting, online betting exchanges remove the bookmaker by allowing users to bet directly with other users.
Team
- CEO / Co-founder: Jason Trost is a former successful equities trader in [...]

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