Thanks to the InTrade person who uploaded the first CNBC segment on YouTube, and fixed the initial technical problem.
I renew my asking for the second CNBC segment to be uploaded at YouTube, too. [If someone else than InTrade does it, please hit me with the YouTube URL. Thanks.]
My analysis:
- InTrade-TradeSports CEO John Delaney does a good job explaining the mechanism of the wisdom of crowds.
- They cut professor Justin Wolfers too short. It’-s a nuclear disaster —-once again. Justin Wolfers is an admirable and ultra friendly person, a great prediction market researcher, a good prediction market analyst, and a wonderful blogger, but his TV appearances are, so far, totally crappy. The guy needs to hire a publicist who will teach him to flatten his Australian accent and to talk straight and plain —-to go to the point real quick.
- “-It seems like someone at CNBC decided at some point that they would NEVER address the legality issue.”- – Dixit Deep Throat.
- After the broadcast of the video shot in Ireland, the camera goes back to the TV set, and, at this point, the comments from the journalists and the guest (Steve Forbes) show that they still don’-t understand fully the prediction markets. They don’-t have the right facts, and their analysis is not crystal clear.
- Overall, a good explainer on the prediction markets —-taken into account that CNBC is an entertainment media. For deeper explainers, see the Wall Street Journal, the Financial Times, or Midas Oracle.
YouTube video (the last part was censored by InTrade-TradeSports CEO John Delaney – PRECISION: the discussion between the journalists and the guest on the TV set was suppressed)
APPENDIX: CNBC video + CNBC video #2
UPDATE: The second CNBC video segment that TradeSports-InTrade CEO John Delaney does not want you to see on YouTube