Tag Archives: the Washington Post

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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Prediction markets = “the future of journalism” —said, from day one, Emile Servan-Schreiber of NewsFutures. Emile, if you have balls, let’s do it —all together.

My yesterday’s post about the Obama–Clinton prediction markets was the most popular Midas Oracle story of that Monday. Hummmm… No idea why… I was not helped by Google Search or by an external blogger. Sounds like our Midas Oracle web … Continue reading

Posted in Entrepreneurship, Midas Oracle Project, Prediction Journalism | Tagged , , , , , , , , , , , , , , , , | 10 Comments

BetFair and InTrade (the so-called leaders in the field of prediction markets) haven’t had the first clue about prediction market journalism.

SCOOP: We have identified the bozo who edits BOTH the BetFair blog AND the InTrade bulletin. IT’S A FUCKING MONKEY. – WEB EXCLUSIVE — PLEASE, DO CREDIT MIDAS ORACLE FOR THE SCOOP. THIS IS NOT AN APRIL FOOL‘S DAY JOKE. … Continue reading

Posted in Exchanges & Markets, Humor, Market Prices & Probabilities, Prediction Journalism | Tagged , , , , , , , , , , , , , , , , , | 1 Comment

Meet Michael Arrington of TechCrunch.

Lloyd Grove: I ran into Nick Denton [the owner of Gawker Media, parent company of the Silicon Valley blog ValleyWag.com] last night. What do you think of him? Michael Arrington: I think he’s a total dick. Lloyd Grove: Would you … Continue reading

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Justin Wolfers Country has turned Left… as predicted by the prediction markets.

The Washington Post on Australia‘s November 2007 political elections. The prediction market charts below were taken a bit before the close of the Australian polling stations, last Saturday. BetFair (on Australia’s Labor Party, which ended winning): BetFair had a complete … Continue reading

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BRITISH BETTING EXCHANGE BETFAIR USED FOR MONEY LAUNDERING BY RADICAL ISLAMIC CYBER-CRIMINALS WHO PREPARED THE GROUNDWORK FOR ANTI-WESTERN TERRORISTS.

Via the vigilant Niall O’Connor of Betting Market, the Washington Post: Three Worked the Web to Help Terrorists British Case Reveals How Stolen Credit Card Data Bought Supplies for Operatives [...] Al-Daour also allegedly laundered money through online gambling sites, … Continue reading

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The situation has gotten so strange that even obvious spoofs sound plausible.

… writes the Washington Post about the fake Wolfowitz memo. — Previous: Does Paul Wolfowitz have a future at the World Bank? + FAKE WORLD BANK MEMO: Harvard professor of economics Kenneth Rogoff laughs in Paul Wolfowitz’s face. + INSIDER … Continue reading

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Political Factor Analysis

David Pennock, Lance Fortnow and others on Marginal Revolution and DailyKos explain the “failure” of prediction markets for Senate control as stemming from the assumption that state-level elections are independent events, an assumption that ignores national movements in sentiment. Is … Continue reading

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BetFair: “Which of these parties will have more seats in the US Senate following the 2006 US Senate Elections?”

Republicans: 49% Democrats: 53.8% Ex-BBC News Mike Smithson (of the Political Betting blog) wonders whether BetFair will count the two Independent U.S. Senators (Liberman and Sanders) in the Democratic camp. Lieberman won re-election as the “Connecticut For Lieberman” party candidate … Continue reading

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US-based prediction market blog SmartCrowd won’t link to TradeSports/InTrade anymore, now that US president signed Unlawful Internet Gambling Enforcement Act.

Here’s the announcement: We paused recently to review the impact of the Unlawful Internet Gambling Enforcement Act (attached to the unrelated Port Security Bill), that became law on 13th October, 2006. Here’s how the Washington Post reported it []. This … Continue reading

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