Should Adam Siegel change the name of his prediction market company?
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Category Archives: Business
How Monte Carlo simulations can forecast sales
BetFair at the Crunchies 2009
BetFair was one of the gaming sponsors at the Crunchies 2009.
Games were “-free to play”- at the after-event party (at SF’-s City Hall). Donations to UCSF were welcomed.
If you were there, please comment below.
Prediction market blogger quits InTrade.
New Year Update
Posted by Jesse Livermore on Sunday, January 3, 2010
I’-ve been gone for a while. There just hasn’-t been that much happening on Intrade, and I’-ve been focusing on neuroscience.
Intrade has definitely gotten tougher over the past year. I think the 2008 election drew in a lot of people who weren’-t very good at politics or gambling. By now those people have either lost their money or gotten better. Hopefully the 2010 elections will draw in a new crop.
In the mean time, Intrade’-s management has not done a great job in developing the brand. My impression is that volume is off by more than 50% compared to last year. Chief difficulties:
– Absolutely no advertising whatsoever.
– Diminished interest in politics in an off-year.
– Getting money onto the site requires a lot of determination and a visit to a gas station to buy a Netspend card.
Future updates on this blog will be less-than-daily, basically when I have an opinion about politics that I feel like sharing.
The Golden Egg
Platforms, markets, and bytes
Download this post to watch the video —-if your feed reader does not show it to you.
YouBet video tutorial for betting on US horse racing over the Internet
YouBet has processed more than $2 billion in wagers (legally) since 1998.
BetFair co-founder Ed Wray laments the suppression of UKs tax incentive for startup entrepreneurs.
BetFair chairman Ed Wray: “-Too many hurdles in the way of enterprise”-.
Wray refers to a tax incentive that he and Black used to launch Betfair after they were forced to go to friends and family for funds, having failed to raise capital from institutional investors.
“-That was very useful in terms of getting the business off the ground. Everything I see now is about cutting back on those opportunities.”-