Prediction Markets + Market Predictions = Collective Forecasting That Pays Off

Tag Archives: Managing Director

VIDEO — BetFair’s Mark Davies croaks like a frog.

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To watch Mark Davies speaking French:

Internet Explorer —no FireFox.
Latest Flash.
Go to M6 Replay.
Select “magazines”.
Scroll on the right to go to “Enquete Exclusive”.
Select Sunday, May 1, 2008 — Paris sportifs: Quand la Mafia s’en mele…
Windows Media.
9:00 into, they talk about Davydenko.
11:00 into, they show the BetFair HQ.
Mark Davies is introduced as “the #2″. And, later [...]

If the British legal betting companies offer bets on the sport, it is because there is demand for bets on the sport —and if that demand were not offered in a regulated environment, it would be filled in an unregulated one (like what we see with TradeSports-InTrade and MatchBook in the US market).

Mark Davies of BetFair (PDF file):
International Leaders in Sport conference, Auckland, New Zealand. April 3-4th 2008.
Keynote speech, April 4th. Mark Davies, Betfair.
“New Understandings in Sports Betting”
Minister, ladies and gentlemen… Thank you very much for your kind invitation to speak to you today. I have once before been asked by sport to address it, as a [...]

Towards an anti-drugs and anti-corruption body for all sports? — BetFair’s proposal…

Play The Game [I like that website title ]:
Betting industry leader calls for sport world anti-corruption agency
8 April 2008
by Michael Herborn
Mark Davies, managing director of global betting giant Betfair, has called for a world anti-corruption agency for sport. He envisions that the anti-corruption agency would operate along the same lines as the World [...]

TradeFair Binaries is clearly the major, and TradeFair Spreads is the minor.

BetFair-TradeFair press release (2007-12-03):
Betfair enters financial markets with Tradefair launch
Tradefair to provide a revolutionary new retail binaries exchange
Betfair, the world’s leading online betting exchange has announced the formation of an exciting new business, Tradefair. Established to provide a range of financial products to the retail market, Tradefair launches with a binaries trading exchange and a [...]

Do sports prediction markets corrupt sport? No.

Mark Davies (“managing director of corporate affairs at BetFair” = their spin doctor) in The Guardian:
Does the existence of betting exchanges corrupt sport?
NO
In the world of finance, it has always been far easier for employees to have a negative impact on a company’s share price than a positive one. Even a chief executive would be [...]

TradeFair’s David Jack = the $20 million man

Hidden this morning deep into The Sunday Times:
Betfair, the online sports-betting firm, has invested £10m to launch Tradefair, a new subsidiary company specialising in bets on the financial markets. It believes that the market for financial betting could exceed £400m. [*] Tradefair will operate independently of its parent. [**]
£10 million = $20.3 million = [...]

Alas, TradeFair managing director confirms that they will float financial event derivatives, only.

David Jack has just published a blog post on Midas Oracle, and here’s one short excerpt:
Take a look at Betfair today – it has some of the most liquid, volatile and high participation prediction markets in the world. Participation drives the price down and provides fantastic value to our customers. This has allowed us to [...]

BetFair traders discuss TradeFair’s 0-100 trading interface.

And conclude that that’s the way to go!!!!! – (page 2):
BinarySoft Chris 27 Nov 10:38
I won’t be one of the initial MMers nope, but I may well do it at some point next year, depending on the spreads of the initial MM(s). That’s also assuming they do have a MM – [...]

GUARDIAN BLOGGER: BETFAIR SPIN-DOCTOR DOES NOT SAY THE TRUTH ABOUT SPORTS CORRUPTION.

Lawrence Donegan:
Odds-on liquidity showing interest in Scottish youth
Can it really be more than a month since Betfair’s Mark Davies appeared in print to reject the suggestion that the gambling boom is in any way responsible for the apparent increase in corruption in sport, by pointing out that dodgy dealing has been around since the days [...]

BetFair officially launches TradeFair, one month exactly after it was announced on Midas Oracle, and the mugshot of its managing director published for all to see.

BetFair (today, Wednesday, December 5, 2007):
Betfair Launches Tradefair
Betfair Customer Services 05 Dec 14:35
We would like to inform you of the launch of a new business within the Betfair group of companies, Tradefair. Tradefair is for anyone interested in trading on financial markets.
Tradefair Binaries – is a financial exchange product that uses [...]

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