Tag Archives: The University of Iowa

What I said to BusinessWeek

Posted on July 7, 2008 by Chris F. Masse

BusinessWeek’s Ricky McRoskey: Experts expect the initial reaction to CFTC regulation to be more low-cap, nonprofit markets like the one created by the University of Iowa. Some doubt the forecasting power in these small-scale markets, since there wouldn’t be enough … Continue reading →

Posted in Analysis (Industry), Exchanges & Markets, Inventions & Innovations | Tagged BetFair, BusinessWeek, Chris F. Masse, Chris Masse, Editor, InTrade, Iowa, prediction markets, Ricky McRoskey, The University of Iowa, TradeFair, TradeSports | 2 Comments

Tom W. Bell rebuts the puritan and sterile petition organized by the American Enterprise Institute (which has on its payroll Paul Wolfowitz, the bright masterminder of the Iraq war).

Posted on July 4, 2008 by Chris F. Masse

Tom W. Bell: The CFTC should not limit “no action” status to markets run by tax-exempt organizations. The no-action letters that the CFTC issued to the IEM emphasized not the nature of the hosting institution, the University of Iowa, but … Continue reading →

Posted in All Best Posts Ever, Analysis (Industry), Exchanges & Markets, Regulations | Tagged American Enterprise Institute, CFTC, event contracts, event derivative markets, event derivatives, event markets, for-profit prediction exchanges, Iowa, Iraq, laws, not-for-profit prediction exchanges, Paul Wolfowitz, prediction exchanges, prediction markets, Regulations, The University of Iowa, Tom W. Bell, United States Of America | Leave a comment

Let’s Tell the CFTC Where to Go.

Posted on July 3, 2008 by Tom W. Bell

Update: I’ve extended the deadline for signing up until 7 p.m. Pacific, Sunday, July 6. Also, I fixed a typo in paragraph 3, changing “denying” to “giving.” (Thanks, Gil!)> The deadline looms for interested parties to respond to the Commodity … Continue reading →

Posted in All Best Posts Ever, All Guest Authors's Posts, Analysis (Industry), Exchanges & Markets, Regulations | Tagged CFTC, Commodities Futures Trading Commission, Commodity Futures Trading Commission, event contracts, event derivative markets, event derivatives, event markets, for-profit prediction exchanges, Iowa, laws, not-for-profit prediction exchanges, prediction exchanges, prediction markets, Regulations, The University of Iowa, Trader, USD | 13 Comments

Forrest Nelson valids Emile Servan-Schreiber.

Posted on June 27, 2008 by Chris F. Masse

Via our good friends at Forecasting Principles American Scientist: Forrest Nelson, a professor of economics at the University of Iowa, helped to found the Iowa Electronic Markets. He and his colleagues faced considerable push-back from their university’s lawyers in setting … Continue reading →

Posted in Analysis (Accuracy & Precision), Exchanges & Markets, History | Tagged accuracy, Brian Galebach, Commodity Futures Trading Commission, David Pennock, Emile Servan-Schreiber, event derivative markets, event derivatives, Forrest Nelson, Iowa, Iowa Electronic Markets, Justin Wolfers, play-money prediction markets, prediction markets, professor of economics, real-money prediction markets, scientist, The University of Iowa | Leave a comment

The Case for Decrimininalization of Prediction Markets

Posted on June 26, 2008 by Jay Graziani

[This article is cross-posted from Major Wager.] – A recent article in the prestigious academic journal Science (May 16, 2008, Vol 320, p. 877-8) once again makes the case for regulated prediction markets, more commonly known as “betting exchanges” to … Continue reading →

Posted in All Best Posts Ever, All Guest Authors's Posts, Analysis (Industry), Exchanges & Markets, Regulations | Tagged Bear Sterns, BetFair, CFTC, Commodity Futures Trading Commission, decision-making tool, Dublin, economist, Enron, event derivative markets, event derivatives, event markets, federal law, Internet casinos, Internet Gambling Enforcement Act, internet gambling laws, InTrade, Iowa, Iraq, Jay Graziani, Justin Wolfers, laws, Major, MATCHBOOK, Middle East, National Basketball Association, NBA, oil, oil crisis, online gamblers, online prediction markets, Pennsylvania, Pentagon, prediction exchanges, prediction markets, profit-making tools, real-money prediction exchanges, real-money prediction markets, Regulations, S&P 500, sports betting, Stanford, the Science, The University of Iowa, the University of Pennsylvania, TradeSports, United States, United States Congress, Unlawful Internet Gambling Enforcement Act of 2006, Wager, Wharton School, Yale | 1 Comment

CFTC’s Concept Release on the Appropriate Regulatory Treatment of Event Contracts

Posted on June 17, 2008 by Chris F. Masse

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 →

Posted in All Best Posts Ever, Analysis (Industry), Analysis (Meta), Exchanges & Markets, Finance, Regulations | Tagged 202.418.5521, 202.418.5578, AEI-Brookings Joint Center, American Enterprise Institute, bet markets, betting markets, binary options, Bruce Fekrat, by-products, Capper, catastrophe single event insurance option contracts, CFTC, Chicago Board Of Trade, commodity futures, commodity futures contracts, Commodity Futures Trading Commission, commodity options, commodity options contracts, Congress, cottonseed oil, crude oil, D.C., David A. Stawick, definitions, Director, Division of Market Oversight, Eric W. Zitzewitz, event contracts, event derivative markets, event derivatives, event futures, event markets, Explainers, futures contracts, futures markets, governor, Hal R. Varian, House Committee on Agriculture, House-Senate Conference Committee, InTrade, Iraq, Jason Ruspini, Justin Wolfers, laws, legalization, livestock products, Michael Abramowicz, Michael Gorham, natural gas, office, particular candidate for political office, particular presidential candidate, Paul C. Tetlock, Paul Wolfowitz, peanut oil, Porter, prediction markets, predictive tools, producer, real-money prediction markets, Regulations, retail customers, retail market participants, retail users, Robert W. Hahn, Secretary, Senate, Senate Committee on Agriculture and Forestry, South Carolina, soybean oil, Special Counsel, specific candidate, specific farmer, the New York Times, The University of Iowa, Three Lafayette Centre, Tom W. Bell, Trader, United States, United States Of America, University of Iowa Departments of Accounting and Economics, University's College of Business Administration, USD, Valencia, Vernon Smith, Washington, West Coast, young economist | 24 Comments

The American Enterprise Institute’s proposals to legalize real-money prediction markets in the United States of America

Posted on June 17, 2008 by Chris F. Masse

The Promise of Prediction Markets – by Kenneth J. Arrow, Robert Forsythe, Michael Gorham, Robert Hahn, Robin Hanson, John O. Ledyard, Saul Levmore, Robert Litan, Paul Milgrom, Forrest D. Nelson, George R. Neumann, Marco Ottaviani, Thomas C. Schelling, Robert J. … Continue reading →

Posted in All Best Posts Ever, Analysis (Industry), Analysis (Meta), Exchanges & Markets, Regulations | Tagged AEI, American Enterprise Institute, Cass R. Sunstein, CFTC, Commodity Futures Trading Commission, Congress, Eric Zitzewitz, Erik Snowberg, event derivative markets, event derivatives, federal regulatory agency, Forrest D. Nelson, George R. Neumann, Hal R. Varian, Iowa, Iraq, Jason Ruspini, John O. Ledyard, Justin Wolfers, Kenneth J. Arrow, laws, legalization, Marco Ottaviani, Michael Gorham, Paul C. Tetlock, Paul Milgrom, Paul Wolfowitz, Philip E. Tetlock, Porter, prediction markets, real-money prediction markets, Regulations, Robert Forsythe, Robert Hahn, Robert J. Shiller, Robert Litan, Robin Hanson, Saul Levmore, sports events, The University of Iowa, Thomas C. Schelling, Tom W. Bell, United States Of America, US Congress, USD, Vernon L. Smith, young economist | 27 Comments

When Markets Beat The Polls – Scientific American Magazine

Posted on February 27, 2008 by Chris F. Masse

Via Mat Fogarty of Xpree (an innovative firm providing software for enterprise prediction markets), the Scientific American magazine on prediction markets –”When Markets Beat the Polls”. Ask me by e-mail to get a copy of the PDF file. Abstract: When … Continue reading →

Posted in All Best Posts Ever, Analysis (Accuracy & Precision), Analysis (Meta), Exchanges & Markets | Tagged accuracy, American Magazine, event derivative markets, event derivatives, Gary Stix, George H. W. Bush, IEM, Iowa, Iowa City, Iowa Electronic Markets, Jesse Jackson, Michael Dukakis, Michigan, polls, prediction markets, Robin Hanson, the Scientific American, The University of Iowa, Xpree | Leave a comment

When Markets Beat The Polls – Scientific American Magazine

Posted on February 21, 2008 by Chris F. Masse

Abstract: When Markets Beat the Polls; March 2008; Scientific American Magazine; by Gary Stix; 8 Page(s) In late March 1988 three economists from the University of Iowa were nursing beers at a local hangout in Iowa City, when conversation turned … Continue reading →

Posted in Analysis (Accuracy & Precision), Analysis (Meta), Exchanges & Markets | Tagged accuracy, American Magazine, event derivative markets, event derivatives, Gary Stix, George H. W. Bush, IEM, Iowa, Iowa City, Iowa Electronic Markets, Jesse Jackson, Michael Dukakis, Michigan, polls, prediction markets, Robin Hanson, The University of Iowa | Leave a comment

MONDAY, OCTOBER 29, 2007 – PREDICTION MARKETS HAVE JUST ARRIVED.

Posted on October 29, 2007 by Chris F. Masse

MATT DRUDGE (WHOSE ONE-PAGE SITE IS MORE POPULAR THAN THE NEW YORK TIMES) CITES A PREDICTION EXCHANGE (BETTING EXCHANGE) FOR THE FIRST TIME IN HISTORY. Traders on Iowa Electronic Markets, which have been predicting elections with surprising accuracy for 20 … Continue reading →

Posted in History, Prediction Journalism | Tagged Iowa, Matt Drudge, Reuters, the New York Times, The University of Iowa, US political elections, US President, US presidential elections | Leave a comment

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