Tag Archives: Private

The Germans In Germany & The Prediction Exchanges In Great Britain

If I have understood correctly what Fabian John has just told me, the Germans can legally trade on the British prediction exchanges regulated by the Financial Services Authority (like TradeFair Spreads or SpreadFair), but not on those regulated by the … Continue reading

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How to run enterprise prediction markets… legally

Private Prediction Markets and the Law – (PDF file) – by Tom W. Bell – 2008-05-18 Abstract This paper analyses the legality of private prediction markets under U.S. law, describing both the legal risks they raise and how to manage … Continue reading

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Protecting Private Prediction Markets

My draft paper, Private Prediction Markets and the Law, offers a variety of detailed suggestions about how to protect the former from the latter. Specifically, I offer strategies for avoiding the scope of CFTC regulation, for discouraging liability for illegal … Continue reading

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Building Exits into CFTC Regulation

Much of my draft paper, Private Prediction Markets and the Law, focuses on nuts-and-bolts fixes for the legal uncertainty that currently afflicts private prediction markets under U.S. law. I’ll say more about those in later posts to Agoraphilia and Midas … Continue reading

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Insider Trading and Private Prediction Markets

People who run in-house, corporate prediction markets have told me that U.S. laws against illegal insider trading give them nightmares. The problem arises because a private prediction market typically generates material nonpublic information about the corporation that hosts it. If … Continue reading

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Do Google’s enterprise prediction markets work? — Using Prediction Markets to Track Information Flows: Evidence from Google

Using Prediction Markets to Track Information Flows: Evidence from Google – (PDF file – PDF file) – by Bo Cowgill, Justin Wolfers, and Eric Zitwewitz – 2008-01-06 – VIDEO — Bo Cowgill on Google’s enterprise prediction markets — O’Reilly Money:Tech … Continue reading

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Predictocracy Book Review

I did a modest review of Michael Abramowicz’s new book: Predictocracy: Market Mechanisms for Public and Private Decision Making. You can read it here. In short, interesting, in an odd sort of way, yet worth the read. ~alex UsableMarkets

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Predictocracy = Market Mechanisms for Public and Private Decision Making

Robin Hanson: [...] The main problem with using [Michael] Abramowicz’s book as a “technical manual”, however, is that he’s never actually seen, much less touched, most of the blocks he describes. His conclusions are not supported or tested by math … Continue reading

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Presentation of Private Prediction Markets’ Legality Under U.S. Law

Koleman Strumpf has tapped me to discuss the legality of in-house prediction markets, tomorrow, at the Conference on Corporate Applications of Prediction/Information Markets, at the Kauffman Foundation Conference Center, in lovely Kansas City, MO. I call my presentation, Private Prediction … Continue reading

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What the hell are PRIVATE WALL STREET WAGERS????

Dan Dorfman: The newest bet, the single biggest such Street election wager I’ve heard about — one that’s illegal in America and which I’ve confirmed — is a $350,000 wager that Mrs. Clinton will win the presidency. Four people are … Continue reading

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