Tag Archives: prediction market industry
The prediction market industry ditches John Maloney –finally.
It was about time, and it is good news.
From: Emile Servan-Schreiber, NewsFutures
To: all friends of prediction markets:
A number of us have been talking recently and we are in agreement that the existing forums for prediction market enthusiasts and watchers, owned and controlled by single individuals, are lacking. We think the industry deserves its own independent, [...]
BetFair is world’s third most valuable Internet startup.
The Silicon Alley Insider 50+ Top Ten:
1. Facebook
2. Wikipedia
3. Betfair
4. NewEgg
5. Craigslist
6. Mozilla
7. Yandex
8. Webkinz (aka Ganz)
9. GoDaddy
10. Demand Media
Some prediction market companies brag too much.
Here is what Cédric Gaspoz has published on the San Francisco clown’s e-mailing list:
Hi, thanks to “Google” [the description line concocted by the website owners and which Google displays in its search results] or better, thanks to their own PR guys, we can ranks the PM vendors:
1/ Leaders
InTrade: THE Leading Prediction Market
Consensus [...]
Based on what metric, exactly?
… asks our good doctor Emile Servan-Schreiber of NewsFutures, on the San Francisco clown’s e-mailing list.
The answer is simple: The San Francisco clown (who hides behind the e-mail account of that young lady) will say anything for money. Whoever sponsors his phone-booth conference will be crowned as “the leading provider of prediction market solutions for [...]
How come prediction exchanges are ranking so low for American Idol?
Midas Oracle has received many visitors from Google this week, thanks to the great work of Ryan from HubDub. I tried to understand why. Turn out when you type “american idol prediction market” (you can add the “s” at the end), Midas Oracle is on top, with HSX, BetFair and HubDub far behind. As for [...]
CrowdCast want to hire the world.
- A prediction market consultant.
- A sales leader.
Crowdcast is the leading provider of prediction market solutions created exclusively for the enterprise.
Hummm… The leaders are NewsFutures and Inkling Markets. But maybe CrowdCast will take the lead, later on, that well might be. Jed Christiansen wants to set up some kind of procedure to assess the size [...]
Global Horse Race Betting Exchange
Mark Davies of Betfair will attend the Standardbred Wagering Conference, at Caesars Windsor from Tuesday, April 28 – 29, 2009. He will sit on the “Life After Pari Mutuel Wagering?” panel.
It is to be hoped that Davies will make some headway with regard to promoting the notion of a global horse race betting exchange, [...]
The truth about (enterprise) prediction markets
Paul Hewitt:
[...] In virtually every case, the prediction market forecast is closer to the official HP forecast than it is to the actual outcome. Perhaps these markets are better at forecasting the forecast than they are at forecasting the outcome! Looking further into the results, while most of the predictions have a smaller error than [...]
What’s the big deal about the fluff on prediction markets in The Economist?
Chris Masse has posted several times about the recent piece on prediction markets in The Economist. Among his recent grand pronoucements:
“If you are a prediction market consultant, and have nothing to say about the negative piece from The Economist, then you don’t matter anymore.”
Really?
What is it that The Economist said that prediction market consultants should [...]
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