Tag Archives: WeatherBill
GET RICH QUICK BY EXPLOITING WEATHERBILL’S BUG.
Report via our good doctor David Pennock —proving once again how indispensable this blogging research scientist is to the field of prediction markets. ( – Wooarf, wooarf, wooarf.)
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Hearthis post
Did the CFTC relax its ECPs requirement for eBOTs?
Contra Chris Masse (who blogged cockily that that would never happened), WeatherBill is now available to any weather-sensitive business, large or small. No $1m net worth required, anymore.
Developing…
Waiting for a P.R. release from them today [tomorrow, on another subject]…
Hearthis post
Sean Park didn’t bribe me to post this web link.
WeatherBill – New user interface – Check it out.
And, of course, they blog.
UPDATE: Sunshine Guaranteed or Your Money Back – pdf
Hearthis post
WeatherBill C.E.O. David Friedberg hopes to persuade [!?] the Commodities Futures Trading Commission (C.F.T.C.) to change the requirement that currently limits weather derivative traders to accredited investors with a minimum net worth of $1 million.
Hummmmmmmmm… Quite a bold ambition. I’m very surprised by his statement. Is he naive?
Via our chief economist Michael Giberson.
UPDATE: Did the CFTC relax its ECPs requirement for eBOTs?
Hearthis post
WeatherBill can be thought of a) as expressive insurance b) as a combinatorial prediction market with an automated market maker.
David Pennock
His analysis misses the fact that WeatherBill re-sells the risks to hedge funds that want to make a profit (as opposed to an automated market maker that may lose money) —but I am not sure that’s important in the analysis.
Hearthis post
An Atlanta hair saloon is one of the many satisfied clients of WeatherBill.
Via Steve Roman, The Atlanta Journal – Constitution:
[...] Atlanta hair salon owners Ray Luciano and Spencer Malay recently reeled in a bundle — tens of thousands of dollars — after taking out insurance-like coverage called “weather derivatives.” Their Buckhead salon does well when it rains, drawing walk-ins and overflow from the nearby mall and movie [...]
Could BetFair-TradeFair and TradeSports-InTrade make use of the WeatherBill business model?
Thoughts on Weather Bill – by Eric Zitzewitz – 2007-01-04
What I think is most innovative is the idea of marketing a prediction market contract as “insurance.”
Which retail event derivatives (we’re familiar with here, on Midas Oracle) could be sold as insurance thru a usable web interface, over than weather? Any idea, folks? Could sporting sponsors [...]
Sounds like Sean Park will strike it rich, once again.
Sean Park (Founding Partner at Sixth Paradigm, and blogger at The Park Paradigm)
Sean Park is a leading independent thinker on the future of financial markets, the author of The Park Paradigm, and the founding partner of Sixth Paradigm LLP:
The technology of the digital age is driving an unprecedented explosion in the ability to create markets [...]
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