Tag Archives: sports events

The American Enterprise Institute’s proposals to legalize real-money prediction markets in the United States of America

The Promise of Prediction Markets – by Kenneth J. Arrow, Robert Forsythe, Michael Gorham, Robert Hahn, Robin Hanson, John O. Ledyard, Saul Levmore, Robert Litan, Paul Milgrom, Forrest D. Nelson, George R. Neumann, Marco Ottaviani, Thomas C. Schelling, Robert J. … Continue reading

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IN-PLAY BETTING: BetFair is already compliant with the Gambling Commission’s first pointer.

The UK Gambling Commission is not “coming after BetFair and Betdaq”. They’ll be looking at all operators. Almost all UK-based betting operators (betting exchanges and bookmakers) offer “in-play” betting, these days. The UK Gambling Commission’s approach (so far) to in-play … Continue reading

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Is the promise of prediction markets in the United States best explored in limited, small stakes markets under a CFTC safe harbor declaration?

I haven’t turned up the latest edition of Science magazine mentioned yesterday by Chris F. Masse, but a version of the Science article “The Promise of Prediction Markets“, is available from the AEI Center for Regulatory and Market Studies (find … Continue reading

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YooNew, fears and hopes

YooNew is an online exchange based in New York City where fans may buy and sell “ticket derivatives”. The ticket derivatives are rights to tickets conditional on certain teams playing in certain playoff matches. So if you were to buy … Continue reading

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