Tag Archives: the Financial Times

What InTrade CEO John Delaney told the CFTC about “event markets” (prediction markets)

John Delaney (CEO of InTrade) – (InTrade PDF file – CFTC PDF file): July 4th 2008 The Commodity Futures Trading Commission Three Lafayette Centre 1155 21st Street NW Washington, DC 20581 U.S.A. Attention: Office of the Secretariat RE: “Concept Release … Continue reading

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The CFTC extends its regulatory arm to… the City of London.

A CFTC Commissioner in the Financial Times: So what effects do the Durbin legislation and the CFTC regulatory action have? Are they the kind of “excessive” regulation contemplated by the Balls Clause? Given the circumstances of the trading activity and … Continue reading

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Robust, the prediction markets are the best mechanism for aggregating information. Thus, companies should use them for assessing strategy and hedging risks.

Via Emile Servan-Schreiber of NewsFutures, John Auters in the Financial Times. [...] This leads to [Justin Wolfers]‘ claim that [prediction markets] are the best way to aggregate information. This is true of any given amount of information. Take three economists … Continue reading

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??? charity-driven prediction markets OR social issue prediction markets ???

BOTH. But, contrary to what Lucy Berholtz thinks, the former will go further than the latter —in my view. – My thoughts about the Financial Times article on Bet2Give: I have said from day one that it’s a great idea. … Continue reading

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Unlike the Wall Street Journal, the Financial Times, and soon CNBC and another network, the New York Times does not propose a game based on a prediction market mechanism.

The New York Times 2008 Football Playoffs Challenge, Powered By Predictify Players can compete against each other and NYT sports columnists by picking the winner and margin of victory for every playoff game. The leaderboard will track winners at the … Continue reading

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The Iowa Electronic Markets is a tiny prediction exchange.

The Financial Times: “We currently have 2,134 traders with access to the election markets, and 1,268 on the academic markets,” Mr Reitz says. The IEM is a total, complete and definitive joke. It’s a scandal that they are the only … Continue reading

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Iowa Caucus: British blogger Mike Smithson is selling Hillary Clinton short.

Mike Smithson in the Financial Times today: [...] Feeding the development of political gambling is in his own interest. Mr Smithson estimates that there are as few as 1,500 regular political gamblers [*] in the UK, although the number swells … Continue reading

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Financial Times prints BetFair’s digital odds.

If I were the web editor of the Financial Times, I would request my writers to translate the digital odds into probabilities expressed in percentages. — In the U.K., who will be the next full time leader of the Liberal … Continue reading

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British prosecutor spins like a top the BetFair virtues inside the courtroom.

Irish jockey Kieren Fallon, accused of being a member of a “conspiracy”: Lefteris Pitarakis / AP — Via mister Niall O’Connor, BBC News: The object of the conspiracy was to wager large amounts of money on a particular horse to … Continue reading

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US Online Gambling: Don’t bet on it.

One or two traders were caught out Friday, following a late afternoon surge in the share price of both Sportingbet and PartyGaming. Sportingbet shares were up 15.9% at 43 3/4p whilst PartyGaming climbed 9.5% to 26p. Two factors may have … Continue reading

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