Tag Archives: New Financial Betting
Does betting exchange BetFair handle more daily trades than the New York Stock Exchange?
No, but BetFair might well be the world’s third financial exchange in terms of transaction volumes (which is a secondary metrics, of course).
Steve Roman (who works in NYC’s financial industry) attracted my attention to this line from The Los Angeles Times about the world’s #1 betting exchange (real-money prediction exchange), BetFair:
[...] the Internet gambling [...]
2005: TradeSports-InTrade’s Heyday
Price Discovery Among the Punters: Using New Financial Betting Markets to Predict Intraday Volatility – (PDF) – by Eric Zitzewitz – 2006-07-XX
Eric Zitzewitz’s comment:
Just to challenge a little the conventional wisdom that commercial prediction market exchanges need sports to make money: in my paper on Tradesports/Intrade’s binary Dow options, I note that only 54% of [...]
Recent Comments