BOTH.
But, contrary to what Lucy Berholtz thinks, the former will go further than the latter —-in my view.
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My thoughts about the Financial Times article on Bet2Give:
- I have said from day one that it’-s a great idea.
- This is a “-unique”- concept…- until InTrade-TradeSports, Betdaq and BetFair-TradeSports decide to create a charity wallet for their traders. Complex, sure, but that might come, one day.
- I have the highest esteem for Lucy Berholtz, generally, but I’-m with Emile Servan-Schreiber on the idea that Bet2Give is not a simple marketing trick. All the money but a small percentage goes to the traders’- selected foundations. If all US betting were organized that way, that would mean a huge windfall for US foundations.
- Tyler Cowen makes sense.
- As for LongBets, it’-s a failed experiment in my judgment. Too many one-sided “-predictions”- for only a fistful of agreed “-bets”-.
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