Prediction Markets + Market Predictions = Collective Forecasting That Pays Off

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PREDICTION MARKETS HAVE ARRIVED: The Sporting Exchange (BetFair-TradeFair) ranks #4 in the Silicon Alley Insider’s list of the top 25 digital startups, and is valued at 5 billion US dollars. (Yes, billions.)

SAI 25 Live
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SAI 25: THE BETFAIR PAGE
Estimated Value: $5 billion
Business: World’s largest Internet betting exchange where users can gamble on everything from horseracing to tennis matches.
Location: London, United Kingdom
More Info: About Betfair
CEO: David Yu – [ a US citizen ]
Investors: Index Ventures, JP Morgan Partners, Benchmark Capital, UBS Capital, and Soft [...]

Blogs are taking over the other Web-based publications.

Tech Crunch’s Mike Arrington (who is furious at a CNET writer):
Most of the popular blogs, all of which started out as one-person shops, have now hired separate sales staff to handle sales. We have, Om has, etc. Hell, that’s the main reason we are working with FM Publishing, so that we don’t have to talk [...]

Major Wager: TradeSports-InTrade is a second-tier betting operator.

Major Wager:
All-Purpose Sportsbooks. These are the Bloomingdale’s of the offshore world – one-stop outlets to cover almost everything you might want, while providing stability and reputation. The Greek, WSEX, and Bookmaker/CRIS fall into this category. Their “sister” books can also be included, most notably BetJamaica, Matchbook, and BetDSI. These shops will book action on most [...]

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