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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
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
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
Posted in Betting, Regulations
Tagged BetFair, Betting, betting market, Gambling, gambling market, insider trading, Justin Wolfers, Mark Davies, multibillion-dollar sports gambling market, New York Times, Pennsylvania, prediction markets, Professor of Business, professor of business and public policy, Regulations, Securities and Exchange Commission, sports betting, sports bodies, the University of Pennsylvania, US Gambling And Betting Commission, Wharton School, Wharton School at the University of Pennsylvania
12 Comments
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
Posted in Analysis (Accuracy & Precision), Exchanges & Markets, Internet Marketing - Internet Commerce, Politics
Tagged ABC, CBS, CEO, economics professor, Iowa, John Delaney, Joyce Berg, Justin Wolfers, NBC, Pennsylvania, prediction markets, The University of Iowa, the University of Pennsylvania, United States
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