Tag Archives: traded bets
InTrade CEO John Delaney’s comment to the CFTC about “event markets” (prediction markets) was so good that even a BetFair shareholder loved it.
Sean Park (who invested in Betfair at inception):
[...] I was heartened to read John Delaney’s (InTrade CEO) contribution [...]. I would certainly have endorsed this contribution – well crafted, robust, articulate and (imo) stating the blindingly obvious [...].
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Yes, his input was great, but, alas, it won’t win in the end.
The CFTC will probably rule out [...]
Who are the “notable exceptions” whom InTrade CEO John Delaney talked about in his comment to the CFTC about “event markets” (prediction markets). HINT, HINT: That’s not Robin Hanson and Justin Wolfers.
John Delaney (CEO of InTrade) – (InTrade PDF file – CFTC PDF file):
Nearly all leading academics, not known for their attraction to unanimity, have publicly supported event markets. A great majority of these academics have been supplied with Intrade market data in the past, a service that Intrade intends to continue, for all study leads [...]
How InTrade CEO John Delaney tried to undo the great damage done to the prediction market industry by Bob’s little minions (among them, Robin Hanson and Justin Wolfers)
John Delaney (CEO of InTrade) – (InTrade PDF file – CFTC PDF file):
Nearly all leading academics, not known for their attraction to unanimity, have publicly supported event markets. A great majority of these academics have been supplied with Intrade market data in the past, a service that Intrade intends to continue, for all study leads [...]
How InTrade CEO John Delaney rightfully spanked the posteriors of Bob’s little minions (among them, Robin Hanson and Justin Wolfers)
John Delaney (CEO of InTrade) – (InTrade PDF file – CFTC PDF file):
Nearly all leading academics, not known for their attraction to unanimity, have publicly supported event markets. A great majority of these academics have been supplied with Intrade market data in the past, a service that Intrade intends to continue, for all study leads [...]
How InTrade CEO John Delaney rightfully slammed Bob’s little minions (among them, Robin Hanson and Justin Wolfers) as hypocrite and short-sighted —and how he told the CFTC to put Bob’s petition (signed by Robin Hanson and Justin Wolfers, among others) in the trash can (where it belongs).
John Delaney (CEO of InTrade) – (InTrade PDF file – CFTC PDF file):
Nearly all leading academics, not known for their attraction to unanimity, have publicly supported event markets. A great majority of these academics have been supplied with Intrade market data in the past, a service that Intrade intends to continue, for all study leads [...]
“In its upcoming proceedings, therefore, the CFTC should exempt prediction markets from regulations that would prevent them from flourishing, like requiring that such shares be traded on designated commodity exchanges.”
… wrote that academic guy in the Wall Street Journal. But he doesn’t mention that HedgeStreet and the Chicago Mercantile Exchange (and the CBOT) are all for the “excluded commodities” and the “Designated Contract Makers” way.
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Honesty and fairness, when writing in a prestigious publication, would dictate that you mention your opponents’ opinions.
Academia = Ivory Tower.
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Will [...]
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