At inception, I created an Internet usability category, and, since, I have published many Jakob Nielsen stories. Many wondered why I would bother. Now, the Midas Oracle readers can understand why.

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These traders are talking down the newly redesigned Hollywood Stock Exchange website.

[They guy above has misspelled, two times. He meant: “unusable“.]

Previously: #1 – #2#3#4

UPDATE: Traders talk on Twitter about HSX.

Thanks to the HubDub guy for the tip.

Do the top brass really tell everything to the trading employees? Do the EPM traders have access to all the primary indicators?

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Prediction markets: the future of decision-making – Companies are now making business decisions based on information employees provide via internal trading systems. – The Times of London – 2008-09-04

&#8220-We use them [“them” = the enterprise prediction markets] as another point in the decision-making process, alongside asking experts and other business leaders,&#8221- said Christina LaComb, a computer scientist in the R&amp-D lab at GE.

OK. You&#8217-re using enterprise prediction markets- you&#8217-ve gotten your name in the newspapers- you&#8217-re &#8220-cool&#8221-.

And our good friend David Perry&#8217-s gotten your money.

But do your event derivative traders have the same access as you do to &#8220-experts&#8221- and other &#8220-business leaders&#8221-?

Or do you leave them in the dark? In that case, your enterprise prediction markets would be clueless, useless, and worthless.

Managed Futures is the one category that consistently benefits from volatility AND has positive expectancy, unlike short-sellers.

No GravatarInsteresting comment from Jason Ruspini.

Jason, the high-end event derivative traders at BetFair (and probably at TradeSports and Betdaq) do benefit from volatility &#8212-they would trade thousands of times on one prediction market, back and forth, taking advantage of small price moves. Any related thought about that, with respect to your comment at Potfolio?

Previous blog posts by Chris F. Masse:

  • “Is Clinton’s Pennsylvania Lead Really 20 Points?”
  • The Most Surprising Piece Of News I’ve Heard Today
  • My first prediction market plugin for WordPress
  • Self-Serving Prediction Market Of The Day — Unlawful Internet Gambling Enforcement Act of 2006
  • Prediction markets tend to be so illiquid, though, that mere activity looks like volatility.