BREAKING: The CFTC approves MDEXs real-money prediction markets on movie box office.

Posted on June 14, 2010 by admin

&#8220-In a 3-2 vote, the Commodity Futures Trading Commission on Monday afternoon approved a contract created by the company Media Derivatives that would allow traders to bet on the gross receipts that a movie pulls in during its opening weekend.&#8221-

UPDATE:

– NYT

– WSJ

– Felix Salmon

– &#8220-If we approve these types of things on the arguments posed in favor of them, we could be approving things like death pools or terrorism contracts, something Congress surely never intended.&#8221-

– Hollywood Reporter

– AP

– CNBC

– AFP

Jim Rogers on commodities, currencies, stocks, banks, emerging markets, etc.

Posted on June 13, 2010 by admin

InTrade co-founders brand-new newsletter on finance

Posted on May 28, 2010 by admin

If you would like to subscribe to the free Patrick Young weekly newsletter, follow this link.

I am now a subscriber. I am looking forward to reading his take on the financial crisis.

Kenneth Rogoff on the US economy going forward – [VIDEO]

Posted on May 27, 2010 by admin

Pre-IPO BetFair silences its PR chief Mark Davies.

Posted on May 27, 2010 by admin

Mark Davies:

The reason is that with my job at Betfair having recently changed so that I have responsibility for regulation but no longer for our public positioning, I have been asked not to blog about industry and company issues. Rather than stop writing completely, I have only been publishing things which cannot be construed to be a Betfair view.

Why did BetFair demote a brilliant spin doctor?

Makes no sense at all. Absurd.