Tag Archives: the New York 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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CFTC’s Concept Release on the Appropriate Regulatory Treatment of Event Contracts

CFTC – (PDF file): CFTC’s Concept Release on the Appropriate Regulatory Treatment of Event Contracts – SUMMARY: The Commodity Futures Trading Commission (Commission or CFTC) is soliciting comment on the appropriate regulatory treatment of financial agreements offered by markets commonly … Continue reading

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BEWARE THE BLOGGING ACADEMICS: They are not blogging to inform us —they are blogging to promote themselves.

The New York Times on the brand-new SSRN ranking functionality: Bloggers like Mr. Reynolds [a university professor] tend to do well on the site, since they can promote their work and offer links to their articles. – Social Science Research … Continue reading

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BetFair makes the frontpage of the New York Times –as the White Knight of sports. — Note that the term “prediction markets” is never pronounced. — TradeSports is not mentioned, but the last paragraph of the article suggests that all Internet sports betting should be legal and regulated.

- Previously: BetFair’s Mark Davies on sports betting and the fight against corruption -

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Google Search thinks that Midas Oracle has more value than the New York Times and Freakonomics when the topic is Google’s enterprise prediction markets. How do you like that, Bo? It’s “cool”, no?

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Ubber finance blogger Barry Ritholtz believes in magic. He believes that, with more volumes on the event derivative markets, comes the Omniscience —capital “O”.

- Our good friend Barry Ritholtz.has persuaded himself that our real-money prediction markets suffer from an irremediable and fatal problem: liquidity on political event derivative markets is too thin for smart Wall Street people like him to take their market-generated … Continue reading

Posted in Analysis (Accuracy & Precision), Analysis (Meta), Exchanges & Markets, Forecasting (Science & Practice), Leading & Lagging Indicators | Tagged , , , , , , , , , , , , , , , , | 5 Comments

Yet another guy, writing about prediction markets in the mainstream media, who does not master what he is talking about.

Via Adam Siegel of Inkling Markets, John McQuaid of Wired. It’s incoherent to start a rant against prediction markets by this upbeat line, “Prediction markets can be spookily accurate.” He blames the New Hampshire upset on poor liquidity. Where is … Continue reading

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Professor Koleman Strumpf tells CNN that a prediction market, by essence, can’t predict an upset.

CNN: FOREMAN: I’ve got something I want you to take a look at. Look at this. It could be the price of a stock or a mutual fund. It isn’t. It’s the odds that a particular candidate, the red here … Continue reading

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Enterprise prediction markets give voice to serious, technology-minded professionals who really know their vertical (engineers, analysts and contractors) —and reveal how frivolous and unpertinent most horizontal managers are.

- Via prediction market pioneer Emile Servan-Schreiber of NewsFutures [*], the New York Times (2 pages): At InterContinental Hotels, Zubin Dowlaty, vice president for emerging technologies, decided to create an online market last fall to “harvest and prioritize ideas” from … Continue reading

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The New York Times article doesn’t mention Google’s enterprise prediction markets, alas. — Bo Cowgill says that the illustration published in the sidebar defines exclusively what is done at Google.

Right-click on the New York Times graphic below, open Bo Cowgill’s post in another browser tab, and read his arguments. – Image Credit: Chris Gash for the New York Times – Adam Siegel of Inkling Markets is also out with … Continue reading

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