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Tag Archives: Tom Rietz

CNBC on prediction markets

CNBC = Entertainment
- InTrade CEO John Delaney is 15 minutes in.
- Tom Rietz of Iowa Electronic Markets is 1 minute in. – [PAY ATTENTION TO HOW PROF TOM RIETZ EXPRESSES PRICES AS PROBABILITIES.]

Tip via John Delaney Jason Ruspini.
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In November 2000, the Iowa Electronic Markets declared the AL GORE speculators as the winners of their zero-sum game.

Iowa Electronic Markets:
Release: Nov. 17, 2000
Iowa Electronic Markets name Gore winner in futures payoff
IOWA CITY, Iowa — The presidential election is over, at least in the Iowa Electronic Markets (IEM). The IEM has declared Al Gore the popular vote winner over George W. Bush. Because the IEM follows the percentage of the national popular vote, [...]

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