Tag Archives: New York Stock Exchange

Markets for Telling CEOs to Step Down

Robin Hanson (back in April 1996): One of the biggest problems with existing corporate capitalism is keeping CEOs (chief executive officers) accountable to their shareholders. Unaccountable CEOs can give themselves huge salaries and perks, discriminate freely in hiring and promotion, … Continue reading

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A critical look at IG Group’s decision to buy HedgeStreet out.

RTT News. U.S.-based sed HedgeStreet, which has operated the HedgeStreet Exchange, has liabilities of approximately $1 million and operating costs of approximately $325,000 per month. Currently, the company is not generating any revenue. Hemscott: IG Group chief executive, Time Howkins, … Continue reading

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BetFair results for the year 2007

The Sporting Exchange (BetFair Group) – The BetFair 2007 Annual Review = 2007 Results (ending April 30, 2007) – (PDF file) – 2007 revenue: £185,933,000 2007 group revenue: £181,928,000 2007 gross profit: £143,207,000 2007 EBITDA: £31,968,000 2007 profit: £19,388,000 — … Continue reading

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Interesting information about BetFair I found out on their corporate website

BetFair Corporate: Corporate and Operational Overview Corporate Overview Betfair is a registered bookmaker in the UK, where it operates an online betting exchange. Betfair also operates under licences in Australia, Austria and Malta and is seeking licences elsewhere within the … Continue reading

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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 … Continue reading

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BetFair has an anti-fraud team whereas InTrade-TradeSports has none.

That’s the chunk of truth that no US journalist or blogger or prediction market scholar will dare telling you. — Czarek Sokolowski / AP — The Los Angeles Times has a two-page investigation into the alleged corruption of that tennis … Continue reading

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HedgeStreet opens prediction markets on potential corporate mergers or acquisitions.

HedgeStreet P.R.: – Sirius Satellite Radio / XM Satellite Radio – Microsoft / Yahoo – News Corporation / Dow Jones – Hershey / Cadbury – Deutsche Borse / International Securities Exchange (ISE) – New York Stock Exchange (NYSE) / International … Continue reading

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The Civil War Gold Hoax

Straight from Wikipedia: Civil War Gold Hoax was an 1864 hoax perpetrated by two US journalists to exploit the financial situation during the United States Civil War. On May 18, 1864, two New York City newspapers, the New York World … Continue reading

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The structure of simExchange game stocks

Brian Shiau (draft): Contracts on most prediction markets are often binary contracts that pay depending on whether the event described by the contract occurs or does not occur. This structure is often referred as a binary option [1]. However, a … Continue reading

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New York Times on prediction markets — REDUX

- New York Times. – Justin Wolfers Interview – by New York Times – (MP3) – 2007-02-14 JOURNALO: InTrade = betting market JUSTIN WOLFERS: InTrade = Las Vegas bookie meets New York Stock Exchange. prediction markets: strong track record (example: … Continue reading

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