Tag Archives: the University of Pennsylvania

The Case for Decrimininalization of Prediction Markets

[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

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We could use a US Gambling And Betting Commission, but the best would be to have prediction exchanges (modeled after BetFair) that alert the sports bodies about any suspicions.

- New York Times: “Insider trading is a bigger deal in sports than in the financial markets,” said Justin Wolfers, a professor of business and public policy at the Wharton School at the University of Pennsylvania, who studies gambling. “We … Continue reading

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Cocky Justin Wolfers wants to be invited by the TV networks on Election Day.

Resident Publications: [...] More than 2 million shares have already been traded in presidential primary contracts on Intrade this year. John Delaney, the company’s CEO, is convinced 2008 will be the market’s biggest year yet. “Our ’08 volumes are already … Continue reading

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Brent Stinski + Simon & Shuster = Media Predict

Justin Wolfers on Media Predict: Justin Wolfers, an assistant professor of business and public policy at the Wharton School of the University of Pennsylvania who studies prediction markets, said that if Simon & Schuster relies on the traders’ judgments to … Continue reading

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