Prediction Markets + Market Predictions = Collective Forecasting That Pays Off

Tag Archives: legalization

Will the USA legalize real-money gambling and betting over the Internet? — CNBC video

Odds Favoring Online Gambling? – CNBC
- Andrew Parmentire, Height Analytics
- David Katz, Oppenheimer gaming analyst
Download this post to watch the CNBC video –if your feed reader doesn’t show it to you:

Via Alexander Ainslie et al.
Addendum: Global Gaming Expo + Google News

Pushing for the legalization of the real-money prediction markets in America

Forbes:
Still, Robin Hanson, an economics professor at George Mason University who has studied prediction markets, hopes [that prediction markets] grow. “Stock markets, insurance markets, commodity markets–they used to be prohibited by gambling laws but were thought to be useful and given an exception,” says [Robin] Hanson. “We want to carve out a new set of [...]

In the for-profit vs not-for-profit debate, our prediction market luminaries, doctored by Bob, are on the wrong side of the issue.

In the American Enterprise Institute’s proposals to legalize the real-money prediction markets in the United States of America, they advise the CFTC not to allow for-profit prediction market companies (like InTrade, TradeSports and BetFair) to operate socially valuable prediction markets —in a legal way, in the US.
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It’s a shame that our prediction market luminaries signed [...]

CFTC’s Concept Release on the Appropriate Regulatory Treatment of Event Contracts

CFTC – (PDF file):
CFTC’s Concept Release on the Appropriate Regulatory Treatment of Event Contracts
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SUMMARY:
The Commodity Futures Trading Commission (Commission or CFTC) is soliciting comment on the appropriate regulatory treatment of financial agreements offered by markets commonly referred to as event, prediction, or information markets. \1\ For ease of reference and to avoid classification issues, these [...]

Our prediction market luminaries signed Bob’s petition —and the losers are InTrade, TradeSports and BetFair.

I have re-read the American Enterprise Institute’s proposals to legalize real-money prediction markets in the United States of America.
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AEI advise the CFTC not to allow for-profit companies (like InTrade, TradeSports and BetFair) to operate socially valuable prediction markets —in a legal way, in the US.
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It’s a shame that our prediction market luminaries signed that piece [...]

The American Enterprise Institute’s proposals to legalize real-money prediction markets in the United States of America

The Promise of Prediction Markets – by Kenneth J. Arrow, Robert Forsythe, Michael Gorham, Robert Hahn, Robin Hanson, John O. Ledyard, Saul Levmore, Robert Litan, Paul Milgrom, Forrest D. Nelson, George R. Neumann, Marco Ottaviani, Thomas C. Schelling, Robert J. Shiller, Vernon L. Smith, Erik Snowberg, Cass R. Sunstein, Paul C. Tetlock, Philip E. Tetlock, [...]

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