Tag Archives: United States Congress
The Case for Decrimininalization of Prediction Markets
[This article is cross-posted from Major Wager.]
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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 online gamblers. The authors make the case that such markets are useful in forecasting future events with [...]
ROBIN HANSON’S PUBLIC ADMISSION: He signed Bob’s petitions, not because he heartfully endorsed them fully, but because he wanted to please Bob, didn’t want to be left out of the party, and was persuaded that his own blue-sky proposals wouldn’t make it —and other irrational excuses for not saying the truth to the US Congress.
Robin Hanson:
Hal and Silas, endorsing this proposal does not mean that I would not prefer other proposals; it just means I prefer this to the status quo. Chris Masse is an example of someone who has difficulty accepting this endorsement concept.
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Doc,
Why wouldn’t you:
Gather with yourself and determine under what precise circumstances you want the real-money [...]
InTrade’s global warming prediction markets are more socially interesting than BetFair’s ones.
InTrade has just opened (and not publicized yet on their site feed) a set of global warming prediction markets —more exactly, event derivative markets on whether the world’s biggest national governments will soon agree to reduce CO2 emissions under the UNFCCC treaty. They are, in my view, more interesting than the pitiful BetFair’s prediction markets [...]
Hedging on BetFair-TradeFair’s sports prediction markets
The Park Paradigm makes a good English case.
I was told that the US CFTC would acknowledge privately that hedging on sports prediction markets has some legitimate purposes. But, politically, because of the reluctance of the US Congress for sports gambling, they would stay away from it.
Fantasy Sport: The only way to crack open the US betting/gambling/gaming market… LEGALLY.
Wikipedia:
A fantasy sport (also known as rotisserie, roto, or fairy-tale sport; or owner simulation) is a game where fantasy owners build a team that competes against other fantasy owners based on the statistics generated by individual players or teams of a professional sport. Probably the most common variant converts statistical performance into points that are [...]
Supporting Your Candidate on Inkling?
Would a candidate for U.S. Congress advocate market manipulation?
Spotted on the “Jim Miceli for Congress” website:
Show Your Support. Buy shares of James Miceli for Congress at Inklingmarkets.com.
Unfortunately for Miceli, Inkling players are not going for him. The Miceli contract price is the blue line at the bottom of the chart.
The market asks “Who will [...]
If the British legal betting companies offer bets on the sport, it is because there is demand for bets on the sport —and if that demand were not offered in a regulated environment, it would be filled in an unregulated one (like what we see with TradeSports-InTrade and MatchBook in the US market).
Mark Davies of BetFair (PDF file):
International Leaders in Sport conference, Auckland, New Zealand. April 3-4th 2008.
Keynote speech, April 4th. Mark Davies, Betfair.
“New Understandings in Sports Betting”
Minister, ladies and gentlemen… Thank you very much for your kind invitation to speak to you today. I have once before been asked by sport to address it, as a [...]