Tag Archives: Major

The Case for Decrimininalization of Prediction Markets

[This article is cross-posted from Major Wager.] – A recent article in the prestigious academic journal Science (May 16, 2008, Vol 320, p. 877-8) once again makes the case for regulated prediction markets, more commonly known as “betting exchanges” to … Continue reading

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Better Pricing for Tournament Prediction Markets

Last year while working out a few thoughts on arbitrage opportunities in basketball tournament prediction markets at Inkling, it occurred to me that the Inkling pricing mechanism was just a little bit off for such applications. The question is whether … Continue reading

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Should AEI-Brookings have allowed Midas Oracle to re-publish the text of the economists’ petition on prediction markets?

New York Times: Content Makers Are Accused of Exaggerating Copyright An association of computer and communication companies, including Google, Microsoft and Yahoo, on Wednesday accused several professional sports leagues, book publishers and other media companies of misleading and threatening consumers … Continue reading

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The PopSci PPX prediction exchange organizes many socially valuable play-money prediction markets.

Popular Science – PopSci’s PPX: Consumer Tech and Entertainment SYMBOL NAME PRICE CHANGE % CHANGE APPLEPC iPhone Increases Apple’s Computer Market Share 52.00 1.00 1.96 BLUBY09 Blu-ray vs. HD-DVD Format War 73.75 -0.75 -1.01 DRMRIP Major Record Labels Drop DRM … Continue reading

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New Fee Structure At TradeSports Causes Confusion.

[This article is cross-posted from Major Wager.] — Tradesports.com (and sister operation, Intrade.com) have long been at the forefront of exchange-based sports wagering and futures markets. In operation since 2002, Tradesports represented the first real exchange open to Americans, long … Continue reading

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The Hollywood Stock Exchange, Max Keiser, and their Wikipedia entries.

— Hollywood Stock Exchange entry at Wikipedia: The Hollywood Stock Exchange, or HSX, is a web-based, multiplayer game in which players use simulated money to buy and sell “shares” of actors, directors, upcoming films, and film-related options. [...] HSX is … Continue reading

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Betcha.com’s Hack of Anti-Internet Gaming Laws

Betcha.com recently began offering a U.S.-based, P2P, honor-based betting service. Its FAQ claims that Betcha.com avoids the reach of domestic state and federal anti-gambling laws because, “Unlike any other betting venue on the planet, Betcha bettors always retain the right … Continue reading

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BETCHA.com: Where is law professor Tom Bell when we need him?

Here’s Tom Bell’s website. ABOUT BETCHA: I wish Nick Jenkins the very best. BetBug (which billed itself as the “Kazaa of betting”, and thus thought that it was above the law): Dear BetBug User, It is with deep regret that … Continue reading

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Will InTrade-TradeSpots lose big after the (hypothetical) passing of the 2007 Internet Gambling Regulation and Enforcement Act???

Internet Gambling Regulation and Enforcement Act: WINNERS AND LOSERS Aaron Todd: WINNERS 1. States That’s right, the biggest winners aren’t Internet gambling companies, nor is it the Internet gambler. It’s states, and states’ rights. Gambling has traditionally been regulated by … Continue reading

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Major Wager: TradeSports-InTrade is a second-tier betting operator.

Major Wager: All-Purpose Sportsbooks. These are the Bloomingdale’s of the offshore world – one-stop outlets to cover almost everything you might want, while providing stability and reputation. The Greek, WSEX, and Bookmaker/CRIS fall into this category. Their “sister” books can … Continue reading

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