Midas Oracle .ORG » Matt Drudge

Drudge links directly to InTrade prediction markets, bypassing journalos. — [SCREENSHOT]

Chris F. Masse — Fri, 30 Dec 2011 15:34:56 +0000

The “BBC host” (and conspiracy theorist) whom Matt Drudge was talking about… that was… (glurp!)… our bombastic Max Keiser.

Chris F. Masse — Mon, 30 Mar 2009 13:44:16 +0000

Knows the similarity between Google, Craig’s List, and the Drudge Report?

Chris F. Masse — Fri, 06 Jun 2008 12:18:28 +0000

Simplicity. Quite true. BetFair has gone the opposite trend these last months —more complexity.

More about Matt Drudge in The Politico.

Matt Drudge links to a NY Post story about InTrade’s VP prediction markets.

Chris F. Masse — Tue, 03 Jun 2008 12:46:18 +0000

Drudge Report: GAMBLERS BET ON HILL & MITT FOR VEEP…

New York Post: GAMBLERS BET ON HILL & MITT FOR VEEP.

“Is Clintonâ€™s Pennsylvania Lead Really 20 Points?”

Chris F. Masse — Tue, 15 Apr 2008 09:37:04 +0000

That “shock poll”, featured prominently by GOP hatchet man Matt Drudge, sounds all bullshit.

That debunker was highlighted by Memeorandum, which explains the high numbers of comments.

They should give a Pulitzer prize to that “Numbers Guy”.

Latest Gallup polls.

Charts of prediction markets.

Katie Couric prediction markets are urgently needed, mister InTrade.

Chris F. Masse — Fri, 11 Apr 2008 20:48:04 +0000

Matt Drudge’s headline:

NYT: COURIC PALS SAY ANCHOR EXIT POSSIBLE IN FEW WEEKS…

DAYS OF RECKONING, PART TWO: Matt Drudge features the prediction markets. + Reuters has the right terminology (“traders”, “prediction exchanges”) but ignores BetFair.

Chris F. Masse — Wed, 09 Apr 2008 14:31:34 +0000

What BetFair quite never understood:

Contracts are structured so the prices can be read as a percent likelihood of an event occurring.

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

Chris F. Masse — Fri, 07 Dec 2007 09:53:26 +0000

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 build a business that we are all really proud of. The Tradefair team believe that by focusing on financial markets, delivering exchange technology that allows mass participation in an accessible, highly available and transparent manner will allow us bring that same value proposition to the financial sector.

TradeFair’s 0-100 trading engine could also be used to float all kinds of event derivatives, not just the financials. It will take time for us to understand why they insist to corner TradeFair into the financial sector, exclusively —a la HedgeStreet.

DEVELOPING… (as Matt Drudge is used to write.)

Previously: Binaries and Spreads: BetFair spins off TradeFair. + Meet David Jack, the managing director of TradeFair. + TradeFair Binaries User Guide – What is Trading? + BetFairâ€™s Global Warming Prediction Markets â€” CFMâ€™s Views

The Reuters story on the expansion of prediction exchanges

Chris F. Masse — Tue, 30 Oct 2007 07:07:59 +0000

… is probably the story that prompted Matt Drudge to cite the Iowa Electronic Markets, briefly, yesterday, on its one-page website.

Thanks to George Tziralis for the Reuters link.

John Delaney, the chief executive of Intrade, said the similar results are a sign the markets are trading on the same information. “We are in a world of information overload and prediction markets can summarize, aggregate, distill a huge amount of thought, opinion and expert view into single probabilities,” he said.

I’m in agreement with John Delaney. A prediction market is an information aggregation tool of convenience.

MONDAY, OCTOBER 29, 2007 – PREDICTION MARKETS HAVE JUST ARRIVED.

Chris F. Masse — Mon, 29 Oct 2007 13:57:05 +0000

MATT DRUDGE (WHOSE ONE-PAGE SITE IS MORE POPULAR THAN THE NEW YORK TIMES) CITES A PREDICTION EXCHANGE (BETTING EXCHANGE) FOR THE FIRST TIME IN HISTORY.

Traders on Iowa Electronic Markets, which have been predicting elections with surprising accuracy for 20 years, are expecting tight presidential vote next year, with Dem narrowly defeating Republican… Developing…

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UPDATE: Then Dudge deletes this IEM mention and replaces it with a link about the University of Iowa’s last poll. Bizarre.

UPDATE 2: It’s probably this Reuters story that prompted Matt Drudge to cite the Iowa Electronic Markets, briefly, on its one-page website.

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Anyway… Champagne…!!… (A French one, of course. )

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UPDATE: Portrait of Matt Drudge…