Sports Risk Index would allow you to hedge risks on sport prediction markets.

The patent.

The latest developments. (audio)

I am skeptical, since the US Congress has just outlawed movie prediction markets, but I wish good luck to Chris Rabelais et al. Maybe the political scene will be different next year, who knows.

UPDATE: As you&#8217-ve understood, I was talking about CFTC-approved real-money prediction markets, here.

Sports Risk Index would allow you to hedge risks on sport prediction markets.

The patent.

The latest developments. (audio)

I am skeptical, since the US Congress has just outlawed movie prediction markets, but I wish good luck to Chris Rabelais et al. Maybe the political scene will be different next year, who knows.

UPDATE: As you’ve understood, I was talking about CFTC-approved real-money prediction markets, here.

Dear MO reader: Why you should try Predictalot

Why should you try Predictalot?

Whats wrong with soccer betting

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I have been browsing thru the excellent Smarkets prediction markets on soccer (a.k.a. association football). You have 3 possibilities for betting:

– the home team wins-
– the home team loses-
there is a draw.

The soccer rules (which allow for a draw) make me uncomfortable for betting on the outcome of a match. How can you assess the probability of a draw? I don&#8217-t get it. The Soccer Federation (FIFA) should get rid of &#8220-draws&#8221- in soccer. As for forecasting and betting, it is annoying.