What Panos Ipeirotis didnt tell you

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Panos Ipeirotis depicted my activism to blog about the tone of the news article on enterprise prediction markets published by The Economist &#8212-and its implications. The takeaway that his readers will get is that Chris Masse is on caffeine. :-D

The important information that our good doctor Panos did not tell is that Chris Masse is the publisher of 2 websites (CFM since 2003 and Midas Oracle since 2006) whose main purpose is to list and/or excerpt the news articles, opinion pieces and research papers that focus on prediction markets. Since 2003, I have seen them all &#8212-in all stripes and colors.

So, it is not like I am a gullible newbie just out of the egg. I have a certain expertise in assessing any media piece on prediction markets. And the same thing can be said about Niall O&#8217-Connor (regarding the betting industry, more generally).

Max Keiser is going to practice (an entertaining form of) prediction market analysis for BBC World News.

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Max Keiser:

CAUGHT OFF GUARD BY GLOBAL FINANCIAL MELTDOWN? NOT IF YOU HAD WATCHED THE ORACLE!

Max Keiser looks into the future every Friday on BBC World . . . coming soon

BBC World News is working with Max Keiser, the creator of the Hollywood Stock Exchange, to produce &#8220-The Oracle,&#8221- a weekly entertaining look into the future with the help of today&#8217-s headlines and prediction market charts.

The Oracle&#8217-s partners include Eldorado Pictures, the production company of Emmy award winning star, Alec Baldwin.

BBC World News Head of Programmes, Paul Gibbs, says: &#8216-If Max had been on our screens a year ago the current global financial crisis would not have been a surprise. It might not even have happened.&#8217-

Alec Baldwin, who has enjoyed a relationship, both personal and professional, with Keiser for nearly 30 years says, &#8220-I&#8217-m excited to be working with Max on The Oracle. Keiser combines blazing intellect, total irreverence and searing honesty to put forth news and commentary like no one else can.&#8221-

The Oracle is planned to air every weekend from early 2009 on BBC World News. Celebrity and expert guests join Max to pore over the prediction market charts to see where people are predicting today&#8217-s news might lead.

Max Keiser, has a long and amazingly accurate history of looking at market prices in order to predict the future.

As the creator of the world&#8217-s first prediction market, the Hollywood Stock Exchange, Max presented &#8220-Rumble at the Box Office&#8221- for NBC&#8217-s Access Hollywood accurately predicting box office.

Max went on to predict the present economic turmoil in a series of ten films for the Aljazeera English magazine series, People and Power.

As early as 2006, Max predicted in these films –

* the crisis in the global banking system to be triggered by subprime debts,
* the rescue of the financial system by wholesale government intervention,
* the rise in the price of gold,
* the Russian invasion of Georgia,
* economic meltdown in Iceland,

* and more.

Max continues to stay one step ahead of the game with his weekly radio show in London on Resonance 104.4 FM and in his writing for the Huffington Post and Intrade, the prediction market site.

The producers of the program will be in Mipcom and available for meetings.

Marginal Revolution vs. Freakonomics vs. Overcoming Bias vs. Midas Oracle

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Here are the stats about the feed subscribers to these blogs who use either Google Reader or iGoogle.

To interpret these data, you should know that:

  • The web visitors are not counted.
  • The PC-based feed subscribers are not counted.
  • The Web-based feed subscribers who use other feed readers than Google are not counted.
  • In the case of Marginal Revolution, which was one of the defaults proposed by Google Reader until recently, many feed subscribers do not actually read this blog.
  • A vertical blog like Midas Oracle, which deals only with prediction markets, is necessary far less popular than more horizontal blogs, which can publish about everything (including sex, as it has been the case in the past with those 3 economics blogs).

The John Edwards Non-Affair… is making Memeorandum (twice), again.

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Slate&#8217-s Jack Shafer (my favorite libertarian journalist &#8211-both small &#8220-L&#8221- and capitalized &#8220-L&#8221-):

[…] visiting the woman who recently gave birth to the out-of-wedlock child of a married campaign aide is completely OK. But meeting her at a Beverly Hills hotel in the early hours of the morning and running from tabloid reporters when approached and hiding in a hotel bathroom for 15 minutes, as the Enquirer reports Edwards did, is not completely OK. Not if he wants to avoid the hypocrite label.

See also Slate&#8217-s Mickey Klaus.

UPDATE: BusinessWeek