Pallavi Gogoi talks about &#8220-predictive markets&#8221- instead of prediction markets.

How dare.

Previous blog posts by Chris F. Masse:

• Last year’s best April Fool’s Day Joke had something to do with the Wisdom Of Crowds.
• Will HedgeStreet USA, the hypothetical InTrade USA, and the hypothetical TradeFair USA, be regulated in the future by a merged SEC+CFTC regulatory structure?
• WORST THAN ELIOT SPITZER (if it were possible): Formula One boss, Max Mosley, had sado-masochist sex with 5 prostitutes, for 5 hours (!!), reenacting a concentration camp scene (!!) in which he played the role of both Nazi guard and inmate.
• Is BetFair Poker a booby trap for the gullible novices? Does The Sporting Exchange (the operator of the BetFair brands) help gangs plucking down innocent recreational poker players?? To get an inkling, don’t read The Guardian, seeded by the BetFair spin doctor- read Midas Oracle.
• The video that the technologically retarded BetFair spin doctor should watch.

Greg Newton:

The MacroShares are irretrievably broken. They have never performed as advertised. They show no signs of ever working as advertised. They are a disgrace to the ETF market, and have been, pretty much since they were introduced.

External Link: MACROshares

Author Profile&nbsp-Editor and Publisher of Midas Oracle .ORG .NET .COM &#8212- Chris Masse&#8217-s mugshot &#8212- Contact Chris Masse &#8212- Chris Masse&#8217-s LinkedIn profile &#8212- Chris Masse&#8217-s FaceBook profile &#8212- Chris Masse&#8217-s Google profile &#8212- Sophia-Antipolis, France, E.U. Read more from this author&#8230-

• Comments are now completely open on Midas Oracle.
• Albert Einstein, Chairman of the Midas Oracle Advisory Board
• Erratic –but not Stochastic– Charts
• Barack Obama is the 44th US president.
• We already have prediction markets in future tax rates. It’s called the municipal bond yield curve.
• DELEGATES AND SUPERDELEGATES ACCOUNTANCY
• O’Reilly – Money-Tech Conference

The Art Trading Fund is the first regulated fine art hedge fund.

We are an art trading hedge fund focused on 3 to 12 month returns. The Fund buys and sells art via its global network of dealers, renowned artists, auction houses and galleries. Returns are maximised through geographical price arbitrage and by removing market inefficiencies. The Fund sources art from a bank of vendors and sells through the network’s pool of highly liquid buyers. Using an objective investment process the Fund essentially monetises the substantial margins of a gallery and art dealing business – without the high fixed cost base of either – and passes that ‘alpha’ on to the end investor. The investment managers add additional value through asset allocation and via a synthetic hedge that provides downside protection.

Hey&#8230- speaking of art&#8230- anyone for art business prediction markets??

UPDATE: Rod&#8230-

About a month ago, The Economist wrote an article about this fund: Painting by numbers. In my opinion, the most interesting aspect about investing in art is that nobody really knows what a given work of art is worth. Unlike commodities such as platinum, gold or silver, works or art are highly differentiated assets, and therefore it’s hard to put a price tag on them. Ultimately, the (market) value of a painting or a sculpture is whatever the highest bidder is willing to pay for it.

Whether the hedge fund invests in startups, movies or art pieces, the basic idea is that the profits on the winners should tower the bath they take on the losers.

Previous blog posts by Chris F. Masse:

• The CFTC is going to close the comments in 15 days. We have 15 days left to convince the CFTC to accept FOR-PROFIT prediction exchanges, and counter the evil petition organized by the American Enterprise Institute (which has on its payroll Paul Wolfowitz, the bright masterminder of the Iraq war).
• The CFTC is going to close the comments in 16 days. We have 16 days left to convince the CFTC to accept FOR-PROFIT prediction exchanges, and counter the evil petition organized by the American Enterprise Institute (which has on its payroll Paul Wolfowitz, the bright masterminder of the Iraq war).
• Brand-new scientific report certifies that starting off the Large Hadron Collider is NOT going to destroy the Earth. Glad to hear that. It means that any bets entertained on the LHC issue will be able to be resolved and winnings to be collected in the end.
• Small Business = GOOD — Big Business = BAD
• The letter David Pennock will never send out —well, we hope.
• Monitor the web traffic of TradeSports.com, InTrade.com, BetFair.com, Betdaq.com, NewsFutures.com, HubDub.com, etc. —thanks to Google Trends.
• Here’s the way to promote innovation for entry-order and analysis software packages —separate the 2 functions.

This came about in a conversation involving an esteemed personage:

What is the proper use of fibonacci numbers in trading?

To sell books.

And to generate commissions of course.