UK billionaire Andrew Black (the BetFair co-founder) owns and manages a stable of 30+ Thoroughbred horses, but cant stand anymore to hear about the event derivative traders whom he extracted wealth from.

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The Independent

PREVIOUSLY: BetFair impose new &#8220-Premium Charges&#8221-&#8230- Do BetFair gag the critics, too?

UPDATE: They announce a Q&amp-A.

BetFair co-founder Andrew “Bert” Black’s blog is flooded (New Orleans-style) with comments from event derivative traders who question the rationality, logic, extent, fairness, true pupose and timing of the new “premium charges”.

PREVIOUSLY: BetFair impose new “Premium Charges”… Do BetFair gag the critics, too?

UPDATE: They announce a Q&A.

#1 -above The Guardian… and far above BetFair.

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UPDATE:

PREVIOUSLY: BetFair impose new “Premium Charges”… Do BetFair gag the critics, too?

UPDATE: They announce a Q&amp-A.

Some vocal event derivative traders reject the new BetFair premium charges -as a matter of principle.

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PREVIOUSLY: BetFair impose new “Premium Charges”… Do BetFair gag the critics, too?

UPDATE: They announce a Q&amp-A.

iPredict New Zealand

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iPredict New Zealand

iPredict New Zealand is a legal, real-money prediction exchange organizing real-money prediction markets. They can also provide support for enterprise prediction markets.

iPredict New Zealand has been declared a futures dealer by the New Zealand Securities Commission, which means iPredict is treated as an exchange under securities law.

Best wishes to them.

Tutorials

Getting Started

Trading

Short Selling

Questions to InTrade CEO John Delaney about InTrade .NET and InTrade .COM

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– InTrade .NET is a play-money prediction exchange while InTrade .COM is a real-money prediction exchange. Is there an automated market maker linking the InTrade .NET prices (or bids) with the InTrade .COM prices?

– Why is it that you ask the consumers of InTrade .NET to sign the terms of use of InTrade .COM, which mentions that: &#8220-2.2.4 You may lose money on Exchange trades.&#8221-? – [Thanks to Deep Throat for that remark.]

– InTrade .NET has a very good charting system. Will the same charting system be implemented at InTrade .COM whose charts are absolutely awful? (See this comparison between the InTrade .COM charts and the InTrade .COM v2 charts.) I insist to say that this should be a priority.

– Will InTrade .NET have chart widgets, just like InTrade .COM and InTrade .COM v2 both have?

– Will InTrade .NET have closed contracts (which are very useful in the accuracy discussions), just like InTrade .COM and InTrade .COM v2 both have?

– Finally, it is stated on the InTrade .COM frontpage (in a text promoting InTrade .NET) that:

When Intrade.net goes out of beta it will become the new default but the current version of Intrade.com will be retained indefinitely.

How should we understand that? Does this mean that you are going to merge your play-money and real-money prediction exchanges? (Might not be a bad idea provided that full information is given on each prediction market.)

UPDATE: Deep Throat tells me that their techies are testing their new user interface on InTrade .NET, which deals with with play money, and then if everything works out well, they may implement the same user interface on InTrade .COM, which deals with real money &#8212-while maintaining the legacy InTrade .COM on a dedicated server, for the nostalgic users.

WORLDS #1 PREDICTION MARKET GURU DELIVERS THE SPEECH OF THE CENTURY, THEN LOSES HIS VOICE.

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Combinatorial Prediction Markets – by Robin Hanson

Video + Slides

Slides from Hanson&#8217-s site – PPT file

Folks, this is great stuff. I may blog about it, again, later on &#8212-if I find time.

You can blog about it on Midas Oracle, if you wish. Or comment on it, just below. Do register yourself.

Midas Oracle is the only publication that defends the event derivative traders (even when they are too sarcastic, boisterous, or annoying) -at the risk of infuriating the prediction market big brass.

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One Wall Street / Chicago fanboy hopes that political prediction markets will soon be proposed by the established derivative exchanges, who work more professionally than InTrade (in his view).

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