Prediction Markets + Market Predictions = Collective Forecasting That Pays Off

Tag Archives: Michael Burns

WORLD-WIDE WEB EXCLUSIVE: The secret polling of the HSX traders, surveying how many of them would transition to the Cantor Exchange.

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I don’t link to this web poll so as not to disturb the polling process.
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Previously: Cantor Exchange
Previously: Should the Hollywood Stock Exchange become a real-money betting exchange? – 2007-10-04
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Videos — Cantor Exchange

CNBC on Cantor Exchange — Via Jason Ruspini

Fox Business on Cantor Exchange — Via Alex Costakis

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Previously: Cantor Exchange
Previously: Should the Hollywood Stock Exchange become a real-money betting exchange? – 2007-10-04
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Should the Hollywood Stock Exchange become a real-money betting exchange?

Via Max Keiser, Trader Daily ($$$):
Hollywood Ending – Trader Daily – October 4, 2007 – by Robert LaFranco
A decade ago, a Wall Street trader and an L.A. dealmaker united to remake the movie industry in the image of the markets. They had capital, ambition, securities-industry savvy and an American public captivated by money and celebrity. [...]

Are the Hollywood Stock Exchange numbers audited by an external organization?

The Harvard Crimson (on Anita Elberse’s work):
Since its founding in 1996 [by Max Keiser and Michael Burns], HSX has had 1.7 million registered traders, according to Costakis. Each day, between 15,000 and 20,000 people use the site, racking up some 50,000 trades, he added.
Rock around the bunker… Rock around, rock around… Rock around the bunker… [...]

HISTORY: Prediction Markets Timeline

For an updated version of this document, see the “paged” Prediction Markets Timeline.
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CHRONOLOGY & HISTORY: Prediction Markets Timeline
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Feel free to post a comment or contact me, and I’ll correct or add a factoid. Thanks.
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#1. Historical Prediction Markets
According to Paul Rhode and Koleman Strumpf, prediction markets almost never got it wrong forecasting the 19 presidential elections [...]

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 a play-money prediction exchange… and a PM software firm.
Wikipedia does mention that HSX is owned by Cantor Fitzgerald, [...]

Interesting inkling into the creation of the Hollywood Stock Exchange

This is interesting.
When Max Keiser launched the Hollywood Stock Exchange, he had personified all aspects of the economy with characters: there was MaxBroker (Max Keiser), MacDaddy as the banker (Michael Burns), Dr. Zeros as the fed chairman (Max Keiser), the SEC chair (Denise Fine), and a pair of punk lesbian sisters [!??] who personified the [...]

Oscars 2007 – Hollywood Stock Exchange – Bingo!

HSX Amy Lamare:
Hollywood Stock Exchange (HSX.com) Traders correctly picked 7 out of 8 Top Category Oscar Winners to continue its stellar record.
Los Angeles, California, February 26, 2007 -
Hollywood Stock Exchange (HSX), announced a spectacular 88% success rate for picking this year’s Oscar winners. The world’s longest continuously operating commercial prediction market and popular online game [...]

HSX co-founder Max Keiser on a quest to reinvent economics

From the promotional documentation of Kinooga CEO Max Keiser:
Max Keiser launched his career working as a registered securities brokers for some of the largest and most prestigious financial houses in the world, including Shearson Lehman, Alex Brown & Sons and Oppenheimer & Co. His tenure on Wall Street, at the beginning of the longest bull [...]

FINALLY, THE HOLLYWOOD STOCK EXCHANGE ACKNOWLEDGES ITS TWO FOUNDERS, MAX KEISER AND MICHAEL BURNS.

In my previous story, I regretted that the names of the two HSX founders (Max Keiser and Michael Burns) were not clearly spelled out on the HSX website. Well, here’s from HSX’s Alex Costakis:
I just saw your post about HSX nomination forecast accuracy. Chris, good one. But first I think the congratulations really should be [...]

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