Prediction Markets + Market Predictions = Collective Forecasting That Pays Off

Tag Archives: the Times

Tennis is not systematically nor institutionally corrupt. There is no evidence of a link to the Mafia.

Only 45 suspicious tennis matches out of the hundreds of thousands of matches played over the last five years.
That’s peanuts.
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Via Steve Roman
Bloomberg
New York Times
The Times (of London)
The Guardian
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Previously: The Mark Davies speech on sports, corruption, sports betting, and BetFair
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Has BetFair a little part of responsibility in the collapse of the Kieren Fallon trial (which cost British taxpayers £950,000)?

BetFair actively report betting that appears to them out of the ordinary. And, if any sport regulator has concerns, then BetFair provide them with additional information. BetFair, of course, has no say in whether a criminal offense has been committed, and no input into the prosecution (the Crown Prosecution Service).
In the Fallon case (an Irish [...]

WORST THAN ELIOT SPITZER (if it were possible): Formula One boss, Max Mosley, had sado-masochist sex with 5 prostitutes, for 5 hours (!!), reenacting a concentration camp scene (!!) in which he played the role of both Nazi guard and inmate.

Here are the ugly photos. [UPDATE: Photos and videos have been taken down.] The associations representing the victims of the Nazi regime are all up in arms, as you may imagine.
UPDATE #2: The Times of London says he should resign. I concur.
UPDATE #3: Max Mosley’s Nazy sex party is big news in Germany. Bild does [...]

BetFair’s new bet-matching logic + BetFair Malta’s trading on the multiples

BetFair:

Bet Matching Forum Q&A Session 19/03/08
Betfair Customer Services 17 Mar 11:50
As announced last week we’ll be hosting a Q&A session on the forum this Wednesday evening (19th March) between 6pm and 7pm (UK Time). The purpose of this Q&A session is to answer questions regarding BetFair’s new bet matching logic. To [...]

TradeFair CEO’s career background

The Times (of London):

An odd career move for Robin Osmond, who was head of JPMorgan’s corporate equity capital markets in Europe and has turned up as chief executive of Tradefair, Betfair’s spread-betting business. It might be taken as a useful exit strategy for all those investment bankers about to find themselves sitting on the pavement [...]

Amateur Journalists (Bloggers) Vs. Professional Journalists (Media) Vs. Wisdom Of Crowds & Collective Intelligence (Wikipedia)

And the wisdom of crowds won, of course. That’s the conclusion I draw from reading Rogers Cadenhead at WorkBench, who assessed what would be the settlement of the LongBets wager on:
In a Google search of five keywords or phrases representing the top five news stories of 2007, weblogs will rank higher than the New York [...]

Wikipedia edits by BetFair, TradeSports-InTrade and the Hollywood Stock Exchange

Wow, the Midas Oracle readers are fascinated by this story. It generated 105 pageviews (and 60 unique pageviews) since last Friday (we’re Tuesday morning) —in addition to our 800 daily readers.


Actually, it is an incomplete story:
#1. We will know only later with exactitude what was edited on the Wikipedia pages by BetFair, InTrade-TradeSports, the Hollywood [...]

Australian farmers are chopping down thousands of trees every day in a dramatic protest against laws intended to curb Australia’s fast-rising greenhouse gas emissions.

Via the always well informed Max Keiser (the HSX co-founder), The Times of London:
By the end of this week more than 128,000 trees could be lost in a single day.
Ouch!…

The 2014 Winter Games goes to… a Russian Black Sea resort, Sochi.

The Times of London
The prediction markets were not accurate. The readers of Midas Oracle won’t be surprised by this total debacle, as I did publish a blog post in April 2007 lambasting the incompetents who entertained the idea that betting markets could be predictive on this one. They can’t.
The bizarre twist in this story is [...]

After EJSS’ France, George Tziralis’s Greece is under attack by the European Union for its monopoly on internet betting and gambling.

Niall O’Connor has it.
The Times

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