You cant measure the usefulness of a system by how many resources it consumes.

Makes sense, doc. – Doc, I didn&#8217-t say that &#8220-this effort by Starbucks somehow implies a devaluation of enterprise prediction markets.&#8221- I said that it implies a devaluation of the enterprise prediction markets that are overhyped as intra-corporation communication tools … Continue reading

REBUTTAL: SalesForce, StarBucks and Dell demonstrate that enterprise prediction markets as intra-corporation communication tools (as opposed to forecasting tools) are overhyped by the prediction market software vendors and a little clique of uncritical courtisans.

– SalesForce My Starbucks Idea Dell&#8217-s IdeaStorm – No need of trading technology to get feedback and suggestions from employees. A simple voting mechanism is more than enough. – Previously: Enterprise prediction markets give voice to serious, technology-minded professionals who … Continue reading

QUESTION TO THE READERS: Could anyone guess what Nassim Nicholas Taleb would think of the prediction markets?

Fortune: The idea that catastrophe can strike without warning does not seem particularly hard to understand. Why doesn&#8217-t Wall Street ever seem to allow for that possibility? And why doesn&#8217-t it learn from past catastrophes? Let me blame business schools … Continue reading

Information that is shared, but not sought, is now perceived as natural.

The New York Times – Implications for the field of prediction markets (InTrade-TradeFair, BetFair-TradeFair, Betdaq, HSX, NewsFutures, Inkling Markets, etc.): Publish the &#8220-Share This&#8220- widget on each of your prediction market page, to make it easier for your customers to … Continue reading

InTrade-TradeSports and BetFair-TradeFair should take a close look at Cantor Fitzgeralds strategy to gain a share of the $100 billion U.S. gambling industry.

Very interesting Bloomberg article. [I&#8217-m resending this post in the loop and in the feed, because the link was broken- it is now corrected. Sorry for that.] Previous blog posts by Chris F. Masse: Robin Hanson wants to rule the … Continue reading

BetFair withdraws / improves its brand-new matching-bet logic, which was (kind of) endorsed by the Chairman of the Midas Oracle Advisory Board.

Via Dave, BetFair: Changes to Betfair’s bet matching logic – update Betfair Customer Services 19 Mar 10:47 We’ve been trialling a new process for matching customer bets recently which has prompted considerable debate among some of our customers. Some of … Continue reading

BetFair’s new bet-matching logic + BetFair Maltas trading on the multiples

BetFair: Bet Matching Forum Q&amp-A Session 19/03/08 Betfair Customer Services 17 Mar 11:50 As announced last week we’ll be hosting a Q&amp-A session on the forum this Wednesday evening (19th March) between 6pm and 7pm (UK Time). The purpose of … Continue reading