Tag Archives: Senate

CFTC’s Concept Release on the Appropriate Regulatory Treatment of Event Contracts

CFTC – (PDF file): CFTC’s Concept Release on the Appropriate Regulatory Treatment of Event Contracts – SUMMARY: The Commodity Futures Trading Commission (Commission or CFTC) is soliciting comment on the appropriate regulatory treatment of financial agreements offered by markets commonly … Continue reading

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Collecting bits and pieces of information, and aggregating it, so we can understand what people know.

Charles Plott has nailed it. – I would lay out this dichotomy: Some of our academics, consultants, and exchange executives have sold the prediction markets as the ultimate forecasting tool —which is true, but people translated that as “this is … Continue reading

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Self-Serving Prediction Market Of The Day — Unlawful Internet Gambling Enforcement Act of 2006

InTrade: New Market: Amendment to UIGEA Monday, Apr 14, 2008 We have listed a contract on an amendment to the Unlawful Internet Gambling Enforcement Act being passed before the end of 2010, and that Rep. Barney Frank will be a … Continue reading

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Justin Wolfers will be glued on InTrade on Super Tuesday night.

Much better piece than last time. No more prediction market event study —quite boring and of dubious quality. This time, he outputs a quality forward-looking piece, with a good narrative. [...] While momentum tends to build slowly in polling data, … Continue reading

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InTrade is no psychic —but what if that bit of truth is systematically said BEFORE, as opposed to AFTER.

David Leonhart in his New York Times blog, last week: The political prediction markets just went through their version of the dot-com bubble. [...] Intrade’s odds have had a very good forecasting record over the last few years, having correctly … Continue reading

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The New Hampshire Hypothesis

Finally, the BetFair blog publishes one interesting post. It was about time. From our usual British suspect, professor Leighton Vaughan-Williams (who was on ABC News lately) —who else. How did everyone get New Hampshire so horribly wrong? These are the … Continue reading

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Not since 1928 has there been a US presidential election with neither a sitting president or vice president running.

CNBC Streaming Video: Trading The Election The start of the biggest election in 80 years begins Thursday. Not since 1928 has there been an election with neither a sitting president or vice president running. The polls have the leading candidates … Continue reading

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NBC News Tim Russert (the host of Meet The Press) would have not expired the Larry Craig contract too early.

“[I]t is my intent to resign from the Senate, effective September 30 [2007]“, said US Senator Larry Craig. (Important note: In that same output, he did not say that he would not seek another term.) Based on this vague statement … Continue reading

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Michael Mukasey is the next US Attorney General, according to InTrade-TradeSports.

— The New York Times: The Senate Judiciary Committee voted on Tuesday to approve the nomination of Michael B. Mukasey as attorney general despite opposition from most of the committee’s Democrats over Mr. Mukasey’s refusal to label a harsh interrogation … Continue reading

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Prediction market infiltrations in the media – US vs. UK

Folks, I want to tackle this important issue in this blog post. But first, I will excerpt two news articles from The Economist. The first one was written by their American correspondence, and the second one was written by their … Continue reading

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