Category Archives: Consulting

YIPPEEEEEEEE!!!!… Praying mantis celebrating the arrival of transparency in the sub-field of enterprise prediction markets.

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No GravatarGOOOOOOOOOOOOAL!&#8230-

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Parying Mantis

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Adam Siegel of Inkling Markets is out of the woods on business strategy&#8230- and David Perry of Consensus Point, ignited by our Google-paper post, has vowed to tell all&#8230- (I still can believe it, but it sounds true, he really said it.)&#8230- while David &#8220-Sweetie&#8221- Pennock is applauding&#8230-

Where on Earth are NewsFutures and Xpree?? Are they napping?

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Previous blog posts by Chris F. Masse:

  • Last year’s best April Fool’s Day Joke had something to do with the Wisdom Of Crowds.
  • Will HedgeStreet USA, the hypothetical InTrade USA, and the hypothetical TradeFair USA, be regulated in the future by a merged SEC+CFTC regulatory structure?
  • WORST THAN ELIOT SPITZER (if it were possible): Formula One boss, Max Mosley, had sado-masochist sex with 5 prostitutes, for 5 hours (!!), reenacting a concentration camp scene (!!) in which he played the role of both Nazi guard and inmate.
  • Is BetFair Poker a booby trap for the gullible novices? Does The Sporting Exchange (the operator of the BetFair brands) help gangs plucking down innocent recreational poker players?? To get an inkling, don’t read The Guardian, seeded by the BetFair spin doctor- read Midas Oracle.
  • The video that the technologically retarded BetFair spin doctor should watch.

Inkling Markets has automated the making of the contractual agreement with its prospects. So, now, if you dont want to, you can avoid talking to Adam The Shark Siegel.

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No GravatarInkling Markets

Inkling Markets

Inkling Markets

Previous blog posts by Chris F. Masse:

  • How Decision Markets Work (with emphasis on InTrade) – by Robin Hanson
  • MIDAS ORACLE POWER: People googling about BetFair’s new bet-matching logic are automatically directed to our group blog. BetFair’s SEO can return to the locker room.
  • David Pennock, a respected expert in prediction markets and market design, discusses some aspects of BetFair’s new bet-matching logic.
  • Google’s Bo Cowgill @ 2008 DIG Conference
  • Topic: “prediction markets” – MyBlogLog

Xpree, the leader in prediction market forecasting technology for corporations

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No GravatarI like Mat Fogarty and Xpree, I think they bring new and needed forecasting competency to the field of prediction markets, but I think that this statement is untrue and thus its author looks a bit childish. I can&#8217-t believe that Mat Fogarty would output such a statement. To say that Xpree is &#8220-the leader&#8221- in this industry segment is like saying that The Dallas Morning News is the biggest newspaper on Earth.

REPLACE IT WITH: &#8230-&#8221-Xpree, the most innovative [*] supplier of prediction market forecasting technology for corporations&#8221-&#8230- that would be closer to the truth&#8230- and less subject to controversy&#8230- and ridicule.

[*] See rhe comments.

UPDATE: Mat Fogarty changed it for &#8220-Xpree, the most awesome prediction market forecasting technology for corporations&#8221-.

Previous blog posts by Chris F. Masse:

  • How Decision Markets Work (with emphasis on InTrade) – by Robin Hanson
  • MIDAS ORACLE POWER: People googling about BetFair’s new bet-matching logic are automatically directed to our group blog. BetFair’s SEO can return to the locker room.
  • David Pennock, a respected expert in prediction markets and market design, discusses some aspects of BetFair’s new bet-matching logic.
  • Inkling Markets has automated the making of the contractual agreement with its prospects. So, now, if you don’t want to, you can avoid talking to Adam “The Shark” Siegel.
  • Google’s Bo Cowgill @ 2008 DIG Conference

Lords Of Odds

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Lords Of Odds

Lords Of Odds

How Game Works

How To Trade

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Siddhartha Saha (from India) is the co-founder of www.LordsOfOdds.com. They are currently offering sports and entertainment predictions and will add current affair predictions soon. Siddhartha Saha founded this company with a couple of close pals. They will get into corporate forecasting, later.

Car manufacturer Renault (Nissans twin) is now a NewsFutures client.

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Listing of NewsFutures&#8217- clients, here.

Renault

Congrats to Emile&#8217-s team.

Author Profile&nbsp-Editor and Publisher of Midas Oracle .ORG .NET .COM &#8212- Chris Masse&#8217-s mugshot &#8212- Contact Chris Masse &#8212- Chris Masse&#8217-s LinkedIn profile &#8212- Chris Masse&#8217-s FaceBook profile &#8212- Chris Masse&#8217-s Google profile &#8212- Sophia-Antipolis, France, E.U. Read more from this author&#8230-

Read the previous blog posts by Chris. F. Masse:

  • A case of advertisement mistaken for content
  • Michael Shermer’s The Mind of The Market
  • A prediction market panel… where only 2 out of 5 are truly prediction market experts. What a nuclear joke. This poor line-up is the reflection of the poor state of the prediction market industry in the US… and the inherent mediocrity of the conference business.
  • VentureBeat makes it like established veterans NewsFutures, Consensus Point and Inkling Markets are contemporary of just-out-of-the-egg Xpree.
  • 13 lines for Justin Wolfers, but only 2 lines and one word for Eric Zitzewitz — Mat Fogarty, what were you thinking of?
  • Ducted Wind Turbines (DFWT)
  • The Betting King — The ATP Tour was his NASDAQ.

Business looks promising for qMarkets.

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No GravatarQMarkets CEO Noam Danon tells me that they have been working hard on their site. They are working with many companies that want to run enterprise prediction markets. Best wishes to qMarkets.

[Hey, I bet they run on Drupal.]

qMarkets

Previous blog posts by Chris F. Masse:

  • The most significant thing in the Inkling Markets festival (past and future) is the Gartner imprimatur (“Cool Vendor in Emerging Technologies”). Tremendous impact in the business community, where CEOs are addicted to consultants. The Inkling Markets phone switchboard is red hot right now.
  • HubDub and Smarkets are creating what InTrade-TradeSports and BetFair-TradeFair never could: SOCIAL NETWORKING BETTING.
  • Prediction markets can be directly subsidized with a market maker, allowing all traders who provide info to improve the price to expect to profit. Also, the more fools the more informed traders should be attracted to profit from them, so the mix is endogenous.
  • Red Herring’s list of the top 100 North-American high-tech startups includes Inkling Markets —but not NewsFutures, Consensus Point, or Xpree.
  • Professor Koleman Strumpf explains the prediction markets to the countryland people.
  • Professor Koleman Strumpf tells CNN that a prediction market, by essence, can’t predict an upset.
  • Time magazine interview the 2 BetFair-Tradefair co-founders, and not a single time do they pronounce the magic words, “prediction markets”.

The Industry Standard is powered by Consensus Point.

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I&#8217-m free to talk, now.

The Industry Standard is powered by Consensus Point.

The New York Times don&#8217-t print that, but they print that MIT CCI&#8217-s Thomas Malone (branded in the piece as a prediction market evangelizer) has been advising The Industry Standard.

I spotted dozens of news articles on the Industry Standard&#8217-s re-launching. Their spin doctor did a good job. :-D

By the way, speaking of media-managed prediction exchanges, the CNN prediction exchange has some prediction markets with each a total of transactions in the magnitude of 50,000. That&#8217-s awesome. Congrats to Inkling Markets. Mike Giberson (who has become an expert in MSR trading) is one of the traders, probably&#8230-

The pictures of NewsFutures Emile Servan-Schreiber in Hong Kong, China

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No, no, no&#8230- &#8212-not that:

Bruce Lee

That, rather:

EJSS

NewsFutures – NewsFutures blog

Read the previous blog posts by Chris. F. Masse:

  • We regret to inform you of the passing of BettingMarket.com.
  • Niall O’Connor, the one-data-point analyst
  • The best headline of the day –post Michigan
  • Enterprise prediction markets will be the next big thing when… hierarchies are flat.
  • Prediction Markets vs. Bookmakers — The Ultimate Argument
  • The Michigan primary as seen thru the prism of the InTrade prediction markets
  • BitGravity = video distribution network

Bet2Give on CNBC: High impacting media infiltration

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No GravatarCNBC – The Closing Bell – Maria Bartiromo interviewed NewsFutures&#8217- Norris Clark about Bet2Give and about NewsFutures&#8217- enterprise prediction markets. It was great. Great.

The Video – The Video

If Emile Servan-Schreiber or Norris Clark put the video on YouTube, I will embed it in a blog post on Midas Oracle. And if they send me the transcript, I will publish it. It was great. The visuals were great &#8212-like slides. Very good. We&#8217-re making progress, folks.

Some remarks: I didn&#8217-t like that Norris Clark defined Bet2Give as a &#8220-prediction market&#8220-, as opposed to a prediction exchange. And I object about talking about a &#8220-stock market of future events&#8221-. It&#8217-s a derivative exchange for future events, rather.

Bet2Give on CNBC

UPDATE: NewsFutures CEO Emile Servan-Schreiber comments&#8230-

This &#8220-Sinning &amp- Winning&#8221- tag line below the screen is very strange, since Bet2Give is explicitly about neither. It goes to show how deeply the association between betting and sinning is rooted in the American psyche. By that measure, we&#8217-ve got a looooong way to go still before widespread acceptance of PMs [= prediction markets], not to mention legalization.

Read the previous blog posts by Chris F. Masse:

  • Michael Gerber – The E-Myth Revisited
  • Changes to TradeFair prediction markets
  • Eric Zitzewitz, laughing all the way to the bank
  • Michael Bloomberg: I’m not running… but, beware, I am a King maker.
  • Meet the 3 Iowa Electronic Markets co-founders: George Neumann, Forrest Nelson and Robert Forsythe.
  • When Markets Beat The Polls – Scientific American Magazine
  • GLOBAL COOLING