Removal of Florian Riahi of Texodus Predictions

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Dear readers,

I am informing you of the removal of Texodus Predictions from my listing of prediction market consultants. The listing is intended to display serious and professionally minded consultants, only.

Thanks for your attention.

Previously:

– How that prediction market consultant in Holland attracts economic advisers on the cheap

– I bet that those academic scholars…

How that prediction market consultant in Holland attracts economic advisers on the cheap

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Dear Mr. [PROFESSOR’S NAME GOES HERE],

I am writing on behalf of [PREDICTION MARKET SOFTWARE VENDOR’S NAME], a Netherlands based consulting firm, because our research has identified you as a scholar with some expertise in Prediction Markets or a related field. [THEY JUST SCRAPPED MIDAS ORACLE’S LISTINGS] We would like to assess your suitability and interest to join the panel of scientific advisors with [PREDICTION MARKET SOFTWARE VENDOR’S NAME] (www.url.com).

In doing so, we propose to explore your area of experience and knowledge of Prediction Markets. Having established this, we would like to list you as our scientific advisor on your area of expertise on Prediction Markets. This will allow us to seek your services for a negotiated fee, once your particular expertise in developing or interpreting a Prediction Market issue is required.

I trust this message clarifies in short the mutual benefits in our cooperation. Please feel free to contact me to discuss further details.

Sincerely,

[LOW-LEVEL EMPLOYEE’S NAME GOES HERE]
Communications Manager
[PREDICTION MARKET SOFTWARE VENDOR’S NAME]

The prediction market consultants who matter -and the others who dont

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Who are the prediction market consultants who took part of the conversation prompted by the publication of the devastating story by The Economist?

Adam Siegel of Inkling Markets

Mat Fogarty of CrowdCast

George Tziralis of AskMarkets

Jed Christiansen of Mercury

Notably absent from the conversation:

– David Perry of Consensus Point

– &#8220-Chief Scientist&#8221- Robin Hanson of Consensus Point

– Emile Servan-Schreiber of NewsFutures

– Chris Hibbert of Zocalo

– The HSX people

– The academic canaries who are over-quoted by the New York Times and the Wall Street Journal

Taking all this into account, I am updating my &#8220-Consultants&#8221- listing published at CFM. I am putting the consultants who participate in web conversations ahead of the others, and in bold, so as to signal to my numerous readers who they should contact first &#8212-should they have any inquiry about enterprise prediction markets. And I will consider doing the same for the other Midas Oracle listings.

Starting today, there will be retaliations of measured and graduated amplitude against any prediction market people or prediction market company who snobs the important conversations about prediction markets &#8212-which take place on Midas Oracle or elsewhere.

You can&#8217-t be bragging everywhere that you are a &#8220-prediction market expert&#8221- and be absent from important conversations. If you don&#8217-t converse with us, then you are not such a good expert &#8212-&#8221-you&#8217-re the weakest link, bye bye.&#8221-

NEXT: It is not about Midas Oracle&#8230- It is about taking part of the conversation about (enterprise) prediction markets on the Web.

It is not about Midas Oracle… It is about taking part of the conversation about (enterprise) prediction markets on the Web.

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As an addendum of my recent post, let me clarify something. I was not talking about posting or commenting on Midas Oracle. I was talking, more generally, about prediction market consultants issuing statements (posted anywhere on the Web, and linked to from Midas Oracle) about the current state of the field and industry of prediction markets.

  1. If you are an economist, and have nothing to say about the current banking, financial and economic crisis (the worst in our generation), then you don&#8217-t matter anymore.
  2. If you are a prediction market consultant, and have nothing to say about the negative piece from The Economist, then you don&#8217-t matter anymore.

It is a tough reality&#8230- get used to it, folks.

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Enterprise Prediction Markets = The wisdom of crowds comes to the enterprise.

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Here are short excerpts of the Forrester report on enterprise prediction markets and companies that provide software for enterprise prediction markets (e.g., Consensus Point &#8211-see the full list of providers at the bottom of this post).

The Forrester executive summary:

The &#8220-wisdom of crowds&#8221- is capturing the attention of corporate strategists across the globe, and, as a result, many are now looking to prediction markets — speculative markets in which traders collectively predict future events — to generate collective intelligence. For enterprises, prediction markets bring unique value: They focus on the future, aggregate diverse information pools that can be applied to multiple decision-making domains, create streams of actionable data suitable for executive decision-making, and can often cut through corporate politics and pressures at lower cost than traditional forecasting methods. Market researchers will, however, need to have an active hand in the management of these mechanisms, ensuring strong management support, the right incentives for traders, and a focus on appropriate questions. When executed properly, the value to the enterprise is enormous- as a result, Forrester believes that prediction markets will ultimately find a permanent home in the market research toolbox.

For information on hard-copy or electronic reprints, please contact the Client Resource Center at +1 866.367.7378, +1 617.617.5730, or resourcecenter &#8211-at&#8211- forrester &#8211-dot&#8211- com. We offer quantity discounts and special pricing for academic and nonprofit institutions.

My remark about the Forester report:

– It&#8217-s a very good document.

APPENDIX #1: Prediction Markets – DRM Review

APPENDIX #2:

Here is a list of companies that provide software for prediction markets:

Inkling Markets – (MSR + AMM)

NewsFutures – (CDA + optional AMM + SR)

Consensus Point – (CDA + MSR + AMM)

Xpree – (MSR + AMM)

Zocalo – (CDA + MSR + AMM) – (open-source)

Nosco – (CDA + MSR + AMM)

QMarkets – (MSR + AMM)

Ask Markets – (MSR + AMM)

Exago Markets – (CDA + optional AMM)

Gexid – (?)

ProKons – (?)

Spigit – (?)

HSX Virtual Markets – (Virtual Specialist + AMM)

HubDub – (MSR + AMM) – (not licensed)

Yahoo!&#8217-s Prediction Exchange – (MSR + AMM + DPMM) – (not licensed)

Google&#8217-s Prediction Exchange – (CDA) – (not licensed)

MicroSoft PredictionPoint – (MSR + AMM) – (not licensed)

InTrade – (CDA + AMM for play money) – (not licensed)

TradeSports – (CDA + AMM for play money) – (not licensed)

Iowa Electronic Markets – (CDA) – (not licensed)

HedgeStreet – (CDA) – (not licensed)

TradeFair – (CDA) – (not licensed)

BetFair – (CDA) – (not licensed)

Trading Technologies International – (CDA) – (not for event derivatives)

Here&#8217-s a list of prediction market consultants:

Robin Hanson – (George Mason University, Virginia, U.S.A.)

  • Robin Hanson does prediction market consulting work, and have no exclusive arrangements.
  • &#8220-I&#8217-m more interested in helping groups that want to add lots of value to big decisions, versus groups that just want to dabble in a new fad.&#8221-

Inkling – URL: Inkling Markets – (Chicago, Illinois, U.S.A.)

  • Adam Siegel
  • Nathan Kontny

NewsFutures – (Maryland, U.S.A. &amp- Paris, France, E.U.)

  • Emile Servan-Schreiber — Post Archive at Midas Oracle
  • Maurice Balick

Consensus Point – (Nashville, Tennessee, U.S.A. &amp- Calgary, Alberta, Canada)

  • David Perry
  • Ken Kittlitz, who co-founded the Foresight Exchange in 1994.

Xpree – (California, U.S.A.)

  • Mat Fogarty

Chris Hibbert – (California, U.S.A.)

  • Chris Hibbert (Software architect / Zocalo project manager) — Post Archive at Midas Oracle
  • Chris Hibbert&#8217-s personal website — Chris Hibbert&#8217-s personal blog —
  • Chris Hibbert&#8217-s CommerceNet profile — (His stint there ended in mid 2006.)

Justin Wolfers – (University of Pennsylvania&#8217-s Wharton Business School, Pennsylvania, U.S.A.)

  • Justin Wolfers takes on prediction market consulting work.
  • The prediction market industry is &#8220-a case where the interaction between firm practice and academic research are reasonably close.&#8221-

Koleman Strumpf – (University of Kansas, Kansas, U.S.A.)

  • Koleman Strumpf — Post Archive at Midas Oracle
  • Koleman Strumpf can be approached to consult on prediction market projects.
  • &#8220-Prediction markets help harness the knowledge of diverse groups. They have great potential as a tool for industry.&#8221-

Nosco – (Danemark, E.U.)

  • Jesper Krogstrup
  • Oliver Bernhard Pedersen

Qmarkets – (Israel)

  • Noam Danon

Ask Markets – (Greece, E.U.)

  • George Tziralis — Post Archive at Midas Oracle

HP Services &amp- HP Labs – (U.S.A.)

  • Predicting the future &#8211-with games — Introductory article
  • Information Dynamics Lab — Internal prediction markets
  • BRAIN – (Behaviorallly Robust Aggregation of Information in Networks) — Scoring Rules (i.e., non-trading technique)
  • Bernardo A. Huberman – Bernardo Huberman – Senior Fellow &amp- Director
  • Kay-Yut Chen –
  • Google Search for &#8220-prediction markets&#8221-

Hollywood Stock Exchange (HSX) &amp- HSX Research – (L.A., California, U.S.A.)

  • Prediction market consultancy firm
  • Movie business

IntelliMarket Systems – (L.A., California, U.S.A.)

  • Charles R. Plott – Charles Plott – (CalTech Inst., California, U.S.A.)

Gexid – Global Exchange for Information Derivatives – (Germany, E.U.)

  • Bernd Ankenbrand — Post Archive at Midas Oracle

ProKons – (Germany, E.U.)

  • Peter Gollowitsch

Exago Markets – (Portugal, E.U.)

  • Pedro Da Cunha

NimaniX – (Israel)

  • Elad Amir (CEO), Littal Shemer Haim (VP Business development), David Shahar (VP R&amp-D)

Michael Giberson – (Texas, U.S.A.)

  • Michael Giberson (Energy Economist – Center for Energy Commerce, Rawls College of Business, Texas Tech University) — Post archive at Midas Oracle
  • Knowledge Problem – Blog on economics, energy policy, more.

Other Consulting Firms

McKinsey – (U.S.A.)

  • Google Search for &#8220-prediction markets&#8221-
  • The Promise Of Prediction Markets – by McKinsey – 2008-04-XX

Accenture – (U.S.A.)

  • Google Search for &#8220-prediction markets&#8221-

Gartner – (U.S.A.)

  • Google Search for &#8220-prediction markets&#8221-

Forrester – (U.S.A.)

  • Google Search for &#8220-prediction markets&#8221-
  • Prediction Markets: Wisdom Of The Crowd Comes To The Enterprise. – 2008-07-14

The Boston Consulting Group – (U.S.A.)

  • Google Search for &#8220-prediction markets&#8221-

CapGemini – (U.S.A.)

  • Google Search for &#8220-prediction markets&#8221-

KPMG – (U.S.A.)

  • Google Search for &#8220-prediction markets&#8221-

Price Waterhouse Cooper – (U.S.A.)

  • Google Search for &#8220-prediction markets&#8221-

Ernst &amp- Young – (U.S.A.)

  • Google Search for &#8220-prediction markets&#8221-

Deloitte – (U.S.A.)

  • Google Search for &#8220-prediction markets&#8221-

IBM – (U.S.A.)

  • Google Search for &#8220-prediction markets&#8221-

EDS – (U.S.A.)

  • Google Search for &#8220-prediction markets&#8221-

Robin Hanson is now Chief Scientist of Consensus Point.

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Robin Hanson is now Chief Scientist of Consensus Point.

Here&#8217-s the expanded list of Consensus Point customers &#8212-Fortune-500 firms, mainly.

Here&#8217-s their definition of what is a prediction market.

Here&#8217-s their product page.

With Inkling Markets and NewsFutures, Consensus Point is the co-leader in the enterprise prediction markets space.

Best wishes to all of them.

Exago Markets, Portugal, E.U.

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As I understand it:

– Prediction market consultancy in Portugal-

– They probably licensed Xpree&#8216-s software for enterprise prediction markets. UPDATE: They created their own software for enterprise prediction markets.

Best wishes to them.

Google PageRank of the main Prediction Market Consultants

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Inking Markets and NewsFutures are graded 6 / 10.

Consensus Point and Xpree are graded 5 / 10.

My great friend David Perry of Consensus Point is making a strategic mistake by insisting on discretion and secrecy.

I told him 10 times.

To no avail.

Pissing in a violin in order to create a symphony would have been more fruitful.

PageRank is important.

One day, we will learn in the Wall Street Journal that a Fortune-500 CEO is fired by the board for a low PageRank.

That will happen one day- you will see.

The Prediction Market Consultants

Where to find advice on how to set up your enterprise prediction markets

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Consultants

Inkling – URL: Inkling Markets – (Chicago, Illinois, U.S.A.)

  • Adam Siegel — Post Archives at Midas Oracle
  • Nathan Kontny

Consensus Point – (Nashville, Tennessee, U.S.A. &amp- Calgary, Alberta, Canada)

  • David Perry — Post Archives at Midas Oracle
  • Ken Kittlitz, who co-founded the Foresight Exchange in 1994. — Post Archives at Midas Oracle

NewsFutures – (Maryland, U.S.A. &amp- Paris, France, E.U.)

  • Emile Servan-Schreiber — Post Archives at Midas Oracle
  • Maurice Balick

Xpree – (U.S.A.)

  • Mat Fogarty — Post Archives at Midas Oracle

HP Services – HP Labs – (U.S.A.)

  • Predicting the future &#8211-with games — Introductory article
  • Information Dynamics Lab — Internal prediction markets
  • BRAIN – (Behaviorallly Robust Aggregation of Information in Networks) — Scoring Rules (i.e., non-trading technique)
  • Bernardo A. Huberman – Bernardo Huberman – Senior Fellow &amp- Director
  • Kay-Yut Chen –
  • Google Search for &#8220-prediction markets&#8221-

Hollywood Stock Exchange (HSX) &amp- HSX Research – (L.A., California, U.S.A.)

  • Prediction market consultancy firm
  • Movie business

Chris Hibbert – (California, U.S.A.)

  • Chris Hibbert (Software architect / Zocalo project manager) — Post Archives at Midas Oracle
  • Chris Hibbert&#8217-s personal website — Chris Hibbert&#8217-s personal blog —
  • Chris Hibbert&#8217-s CommerceNet profile — (His stint there ended in mid-2006.)

Robin Hanson – (George Mason U., Virginia, U.S.A.)

  • Robin Hanson — Post Archives at Midas Oracle
  • Robin Hanson does prediction market consulting work, and have no exclusive arrangements.
  • &#8220-I&#8217-m more interested in helping groups that want to add lots of value to big decisions, versus groups that just want to dabble in a new fad.&#8221-

Justin Wolfers – (U. of Pennsylvania&#8217-s Wharton business school, Pennsylvania, U.S.A.)

  • Justin Wolfers — Post Archives at Midas Oracle
  • Justin Wolfers takes on prediction market consulting work.
  • The prediction market industry is &#8220-a case where the interaction between firm practice and academic research are reasonably close.&#8221-

Koleman Strumpf – (U. of Kansas, Kansas, U.S.A.)

  • Koleman Strumpf — Post Archives at Midas Oracle
  • Koleman Strumpf can be approached to consult on prediction market projects.
  • &#8220-Prediction markets help harness the knowledge of diverse groups. They have great potential as a tool for industry.&#8221-

Michael Giberson – (Virginia, U.S.A.)

  • Michael Giberson (energy economist, who is also an expert in prediction markets) — Post archives at Midas Oracle
  • Knowledge Problem – Blog on economics, energy policy, more.

Robert Hahn – (American Enterprise Institute, Washington, D.C., U.S.A.)

  • Robert Hahn — Post Archives at Midas Oracle
  • Robert Hahn does consulting focused on improving decision making in the private and public sector. &#8220-This work builds on our evolving understanding of prediction markets and other economic tools.&#8221-

IntelliMarket Systems – (L.A., California, U.S.A.)

  • Charles R. Plott – Charles Plott – (CalTech Inst., California, U.S.A.)

Mercury Research and Consulting – (United Kingdom, E.U.)

  • Jed Christiansen — Post Archives at Midas Oracle

Ask Markets – (Greece, E.U.)

  • George Tziralis — Post Archives at Midas Oracle

Gexid – Global Exchange for Information Derivatives – (Germany, E.U.)

  • Bernd Ankenbrand — Post Archives at Midas Oracle

Nosco – (Danemark, E.U.)

  • Jesper Krogstrup — Post Archives at Midas Oracle
  • Oliver Bernhard Pedersen

Qmarkets – (Israel)

  • Noam Danon — Post Archives at Midas Oracle

ProKons – (Germany)

  • Peter Gollowitsch

Hive Insight – (Raleigh-Durham, North Carolina, U.S.A. &amp- London, U.K., E.U.)

  • Robert Wilburn (ex-NewsFutures)

Foresight Markets – (??)

  • BPH Technologies

NimaniX – (Israel)

  • Elad Amir (CEO), Littal Shemer Haim (VP Business development), David Shahar (VP R&amp-D)

PrediCom – (London, United Kingdom, E.U.)

  • Mikael Edholm

Previous blog posts by Chris F. Masse:

  • This is why I said that those who believe that Hillary Clinton has a chance to be on the Democratic ticket are “clueless”.
  • WEB EXCLUSIVE: — The annoted, historical, compound chart that those triple morons at the BetFair blog are hiding from their readers’ view. — It is located in a secret cache, linked to behind a picture of Hillary Clinton. — Curious place to locate a prediction market chart. — I bet nobody downloaded that chart. —
  • Knows the similarity between Google, Craig’s List, and the Drudge Report?
  • “Listening to each other is core to our culture, and we don’t listen to each other just because we’re all so smart. We listen because everyone has good ideas, and because it’s a great way to show respect. And any company, at any point in its history, can start listening more.”
  • 2 days after my ringing the alarm bell… THE FREE FALL
  • Tech News Of The Day — Friday Morning Edition
  • VIDEO: Why Hillary Clinton will never be the Vice President of the United States of America.