Cantor Exchange in the New York Times

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Richard Jaycobs uses the adjective &#8220-tremendous&#8221-. But here&#8217-s what the journalo says:

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.

http://www.cantorexchange.com/

http://www.hsx.com/

GREAT NEWS: Stephen Burn is now the big boss at BetFair USA [*], and Gerard Cunningham is out. – [VIDEO]

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BetFair won&#8217-t release any public press release on all this, but they told me what&#8217-s on this site is accurate: Stephen Burn (previously director of horse racing) is taking over BetFair US leadership, including TVG.

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.

More info:

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&#8217-s an old video:

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.

[*] 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&#8217-t find that info there. :-D Their corporate site is quite elliptic.)

Smarkets want you to believe that they are going after a much bigger betting market than BetFairs one.

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Their CTO (Hunter Morris) is the first to present in the video. Watch out for his slide on casual and social betting.

Startups Rally &#8211- Part I &#8211- Elevator Pitches (4 of 4) from Plugg Conference on Vimeo.

Download this post if your feed player does not show you the video above.

External Link: Smarkets

PROVEN AND DOCUMENTED: Joe Weisenthal is drunken with his own manipulation paranoia.

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Joe is going off the deep end. Market noises are now interpreted as the intergalactic battle between the pro-HCR and the anti-HCR, who are both seeking to manipulate the InTrade prediction markets. No evidence whatsoever is displayed.

Prediction Market Chart

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.

ADDENDUM

More info on health care reform on Memeorandum.

Previously: Insider trading in the InTrade prediction market on health care reform?