BetFair co-founder Andrew “Bert” Black’s blog is flooded (New Orleans-style) with comments from event derivative traders who question the rationality, logic, extent, fairness, true pupose and timing of the new “premium charges”.

PREVIOUSLY: BetFair impose new “Premium Charges”… Do BetFair gag the critics, too?

UPDATE: They announce a Q&A.

Xpree vs. Inkling Markets

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I am usually very sympathetic to Inkling Markets and Adam Siegel. I think they are the most professional prediction market consultants. However, I am more impressed by the recent Xpree hiring than by the recent Inkling hiring. Leslie Fine is a market design specialist and a fine researcher, who will bring credibility and expertise to Xpree. Very good coup by mister Mat Fogarty. I am very impressed. Wow.

Too much seed money could kill HubDub -and the other prediction market startups.

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QUESTION: Why did Monitor 110 fail?

ANSWER: Too much money.

  1. The lack of a single, &#8220-the buck stops here&#8221- leader until too late in the game-
  2. No separation between the technology organization and the product organization-
  3. Too much PR, too early-
  4. Too much money-
  5. Not close enough to the customer-
  6. Slow to adapt to market reality-
  7. Disagreement on strategy both within the Company and with the Board.

Personally, my view is that the concept should be excellent.

Being first on a market helps.

Hiring visionaries and leaders helps.

Picking up and developing the right technology helps.

But the key is the concept.

Nigel Eccles got the concept right.

Alex Costakis of Hollywood Stock Exchange (HSX) discussing the Weekend Box Office and Summer Releases and predictions on Fox Business.

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Those morons at Fox Business spelled his last name &#8220-Kostakis&#8221-, in the video.

So, now you know why nobody watches Fox Business &#8212-they are all on CNBC, who can spell correctly.

I&#8217-m not sure the video will go into our feed&#8230- In case, it does not, download this post, or go to the link above&#8230-


Summer Blockbuster&#8217-s featuring Alex Costakis of HSX on Fox Business from formula-hsx on Vimeo.

HubDub CEO Nigel Eccles teaches you startup lessons.

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Video

Challenge #1: Get that &#8220-Bambi Francisco&#8221- to pronounce your last name correctly. :-D

Previous blog posts by Chris F. Masse:

  • The FaceBook profiles of the 2 most important men of the field of prediction markets
  • THE HUMAN GADFLY WHOSE OBJECTIONS ROBIN HANSON IS DUCKING…???…
  • Google now considers Midas Oracle as a major blog.
  • Horizon 2015: A long-term strategic perspective for the real-money prediction markets
  • Join our group at LinkedIn to have your “Prediction Markets” badge on your profile. It’s ‘chic’. (“Groups” info should be set as “visible”, in your profile options.) We are 63 this early Saturday morning —keeps growing.
  • If you have been using PayPal to fund your InTrade, TradeSports or BetFair account, please, check that horror story.
  • 48 hours after the launch of the “Prediction Markets” group at LinkedIn, we have already 52 members —both prediction market luminaries and simple people (trading the event derivatives or collecting the market-generated probabilities).

INSIDERs STORY: The insightful strategic business report about The Evil Empire that Henry Berg does not want you to see

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The best thing I read this Friday morning.

Don&#8217-t you love the Web? Blogging employees can rat on their boss &#8212-for our information or entertainment.

Previous blog posts by Chris F. Masse:

  • Devoting the whole NBC Nightly News bulletin to Tim Russert’s passing was worst than beaming out porn.
  • COLD FUSION: The purpose of this post is to give you the scientific explainer link I forgot to publish (at inception) in my previous post.
  • Forecasting Election Outcomes
  • GOOD NEWS: Ron Paul is now blogging. — THE CHERRY ON TOP OF THE CAKE: Ron Paul is using WordPress.org… just like Midas Oracle does.
  • InTrade’s sudden and puzzled interest in… alchemy…!!!
  • Psstt… Spot that comment, on Google News, about… “bellwethers”… from a political scientist.
  • Prediction markets are about lowering transaction costs. That’s how sports come in.