Prediction Markets + Market Predictions = Collective Forecasting That Pays Off

Tag Archives: sports leagues

BetFair-TradeFair fights corruption, while TradeSports-InTrade does not.


BetFair-TradeFair is legal and has ethics, while TradeSports-InTrade is not and has none.

Via Steve Roman who provides the recap and another excerpt, The New York Times:
[...] At the center of the investigation is Betfair, one of the largest so-called online sports exchanges, which matches bettors directly against each other, rather than against the house, as [...]

Fantasy Sport: The only way to crack open the US betting/gambling/gaming market… LEGALLY.

Wikipedia:
A fantasy sport (also known as rotisserie, roto, or fairy-tale sport; or owner simulation) is a game where fantasy owners build a team that competes against other fantasy owners based on the statistics generated by individual players or teams of a professional sport. Probably the most common variant converts statistical performance into points that are [...]

Cooperation between BetFair and the British Horseracing Authority: IT IS WORKING.

Via betting market expert Niall O’Connor, The Guardian:
Tom and Mark are the betting analysts in the security department at the British Horseracing Authority, and the breadth and power of the information at their disposal is remarkable. The sport in general now accepts that Betfair works closely with the regulators to fight corruption. It is still [...]

Will InTrade-TradeSpots lose big after the (hypothetical) passing of the 2007 Internet Gambling Regulation and Enforcement Act???

Internet Gambling Regulation and Enforcement Act: WINNERS AND LOSERS
Aaron Todd:
WINNERS
1. States
That’s right, the biggest winners aren’t Internet gambling companies, nor is it the Internet gambler. It’s states, and states’ rights. Gambling has traditionally been regulated by states in the U.S., and this bill gives states the power to decide whether or not they will allow [...]

Hollywood Stock Exchange vs. Fantasy Moguls

Hollywood Stock Exchange vs. Fantasy Moguls
Tech Crunch:
[...] Atomic Moguls has launched FantasyMoguls.com, which is essentially a fantasy league for movies. You can draft movies and earn points based on how well they do at the box office, number of weeks in the top 5, per-theater average, and their IMDb review score (IMDb is Amazon.com owned). [...]

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