But buyers beware: if “Avatar” is any indication, the public isn’t always so wise about Hollywood fortunes. Most users of HSX.com predicted a flop, and if those users had placed real money on the Cantor exchange, they would have taken a serious hit.
We have decided that the strategy for the U.S. is to enhance our horse racing offerings and to support our global product development initiatives and therefore, at this point, Betfair wants the U.S. horse racing and engineering teams to integrate more closely with [United Kingdom] operations. Given these changes, Gerard decided to leave the company to pursue alternative opportunities.
Stephen Burn will now run Betfair’s US horseracing business and Los Angeles office, reporting to Betfair’s UK-based managing director of exchange, Mathias Entenmann.
Ravi Keswani will continue to run the US engineering and product management teams and assume responsibility for the San Francisco office, reporting to Betfair’s London-based chief technology officer Tony McAlister.
If you wanna know what Stephen Burn looks like, here’-s an old video:
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MY VIEWS: Some years ago, I e-mailed Stephen Burn (2 or 3 times) for info on BetFair (not knowing that he was not in the PR department), and he graciously forwarded each e-mail to right person at BetFair (instead of killing them, wrong recipient), and my requests got always satisfied. So, to me, the chap sounds like a nice gentleman. As for Gerard Cunningham, I was told by one betting exchange industry insider that he was not very enlightened.
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[*] Technically, David Yu is the upper boss at The Sporting Exchange USA, if I remember well. Go to http://corporate.betfair.com/ for more info. (Well, actually, you won’-t find that info there. Their corporate site is quite elliptic.)
P.S: I am not picking on Joe, who is a good web curator, and a nice chap. Just disagree with him (and Andrew Golberg) that prediction market journalism is easy to do. Good prediction market journalism is very hard to do. Requires scoops and pertinent analysis. Scrapping exchange probabilities and aggregating it with re-written news is not enough.