Prediction Markets + Market Predictions = Collective Forecasting That Pays Off

Tag Archives: South Africa

JusTrade = the Walmart of Finance

- JusTrade is in the news (Business Day).
- JusTrade is a prediction exchange located in South Africa —as all our faithful Midas Oracle readers already know.
- Best wishes to Rory Mackay, its (injured ) manager.
- [Rory Mackay and Nate Kontny should meet. ]
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Interview with Rory Mackay of JusTrade

YouTube

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JusTrade
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JusTrade: real-money prediction markets in South Africa

JusTrade
JusTrade Blog
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The key facts:

JusTrade is a real-money prediction exchange. FYI, South Africa’s currency is the South African Rands (ZAR).
At this stage, they list financial contracts, only.
CDA.
They welcome customers from anywhere —just be over 18, and do comply with South Africa’s anti-money laundering legislation called the Financial Intelligence Control Act (FICA).
“All customer funds whether reserved for [...]

LET’S REVISIT HISTORY: In May 2007, Harvard professor of economics Kenneth Rogoff laughed in Paul Wolfowitz’s face.

BACKGROUND INFO: Kenneth Rogoff is a visiting scholar at the Brookings Institution and professor of economics at Harvard University.
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May 2007’s Blog Post: INSIDER TRADING: World Bank employees speculating on the Paul Wolfowitz event derivatives at InTrade-TradeSports?? -
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For Aprils’s Fool Day 2007, Kenneth Rogoff wrote the following hoax.
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ForeignPolicy.com
MEMORANDUM:
TO: World Bank Staff
FROM: Paul Wolfowitz, President of [...]

What was the music played at the 2007 World Cup of Rugby?

If you watched TV during the 2007 Rugby World Cup (hosted by France and won by South Africa), you surely noticed a symphonic music played at the beginning and at the end of each game.

Composer: Jean-Michel Jarre (French);
He is into electronic music, mainly. [Disclosure: I'm one of his fanboys. ]
Title: “Industrial Revolution Part [...]

2007 WORLD CUP OF RUGBY: BetFair, Betdaq, TradeSports and NewsFutures all predict that South Africa will pulverize England into fine particles.

BetFair: 2007 World Cup of Rugby
South Africa (“the Springboks”) will win:

It should be said that the prediction markets got it wrong betting on New Zealand and then on France, in previous rounds.

The other prediction exchanges (betting exchanges) are far less liquid for this competition: – Betdaq – TradeSports – NewsFutures -

UPDATE ON OUR PREVIOUS BLOG [...]

$18,441,883 of bets matched by BetFair for the winner of the 2007 World Cup of Rugby

Wow. That’s a lot.
BetFair: 2007 World Cup of Rugby
South Africa will win (against England, who did beat France, who did beat New Zealand), BetFair says.

On this South Africa chart, spot the volume, lately. Seems like the English have been betting en masse since their team made it to the finale.

FRANCE’S TEAM EJECTS NEW ZEALAND’S ALL BLACKS OUT OF THE 2007 WORLD CUP OF RUGBY.

The picture above (from the archives) represents the New Zealand’s team performing their “haka” before an international match.
Here are the static BetFair charts, just after the France vs. New Zealand game. (TradeSports has little liquidity on Rugby Union events.)
First, the BetFair chart representing France’s side at the end of the France vs. New Zealand game:

Secondly, [...]

Interesting information about BetFair I found out on their corporate website

BetFair Corporate:
Corporate and Operational Overview
Corporate Overview
Betfair is a registered bookmaker in the UK, where it operates an online betting exchange. Betfair also operates under licences in Australia, Austria and Malta and is seeking licences elsewhere within the European Union and further afield, notably in South Africa. Betfair welcomes regulation and is committed to paying the [...]

The BetFair Galaxy

BetFair – (Hammersmith, London, England, United Kingdom, E.U.) — Alternate URLs: BetFair.co.uk & Flutter.com — Described as “the eBay of peer-to-peer betting”. — BetFair is a prediction exchange that does not prominently display the last price. Instead, the “Express View” gives the best offer (i.e., ask price). To get the probability of a future outcome, click on the individual prediction market, and snap [...]

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