In light of the upcoming bursting of the Cantor Exchange, Max Keiser have regrets about creating the Hollywood Stock Exchange.

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Max Keiser:

Joe Weisenthal drinks the Kool-Aide

http://www.businessinsider.com/how-the-cantor-exchange-movie-trading-platform-works-2010-3

The CFTC really should be called to account for launching something like this – while the fire is still burning on the various CFTC approved products/contracts responsible for the last two years of economy collapse…

But here’s what I think. Since every media outlet in the world is going to cover this – and everybody who has every ‘dreamed of hollywood’ will be instantly addicted to all news coming out of this . . . the crisis of the last two years will be – like – forgotten (unless you happen to have become homeless or lost your job or house or something).

This is going to be a spectacular bubble and burst and I almost feel bad for having invented it.

Wall Street 2: Money Never Sleeps. -> September 24, 2010

Full of cliches?

Wall Street 2 @ HSX &#8211-> Quite high flying.

The first trailer is hilarious:

About Wall Street 2:

Wall Street 1:

Frank Sinatra, &#8220-Fly Me To The Moon&#8221-:

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/

HSX-founder Max Keiser on the Cantor Exchange – [VIDEO]

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4 minutes into:

Jason Ruspini tells me that CNBC reports that the CFTC &#8220-lifted its stay&#8221- on the Cantor Exchange application yesterday. CNBC is going to interview Rich Jaycobs, today.

PS: You can play for free at:

http://practice.cantorexchange.com/

InTrade has a higher PageRank than BetFair. No change.

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Google has just updated its external PageRank servers. (The PageRank is updated internally in a continuous way, but Google updates its external servers once a quarter or so.)

InTrade is 7/10. BetFair 6/10. HSX 6/10. HubDub 6/10.

– BetFair&#8217-s blog (Betting @ BetFair) is 5/10, proving, once again, that it is a mediocre publication run by mediocre people. BetFair&#8217-s second blog (BetFair Predicts) is 4/10. Midas Oracle is 6/10.

For the record, the goal to attain (for both exchanges and publications) is 7/10.

How to break a successful prediction exchange in less than one week

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Whiskey Kilo (a Hollywood Stock Exchange trader):

Change is one thing, breaking the whole site and acting like its nothing happened is another. The whole concept of trading movie stocks, movie bonds and options have taken a backseat to making sure you can blog, add friends, and “Schmooze”.

The old portfolio page was color coded and extremely easy to understand, you instantly knew if you were making H$ or losing your shirt. Now the current portfolio page is a small box, one colour, light grey on a white backround and the type is half the size of the font here, also you can only see 12 stocks at any given moment. Whoever OK’d this part of the site has to have never traded any shares online before.

From what I can gather, there was a beta version of this 3rd generation of the game, but no one paid any attention to the any of the feedback, two days after this new rollout, HSX.com started calling this new version a beta game, and what HSX staff there is say that portfolios are now their priority. However the only things that really work right now are the blogs, which pay H$10,000 a posting, adding friends pays traders H$1000, Online Polls, and Schmoozing. which paid initially H$1000, but now pays H$100 per reply. The only reason I see for paying traders to blog is to bring more eyeballs to the garish 728?90 and 300?225 ads on each page to pump the number of advertising views on HSX. But if this is part of the grand scheme here, I can’t see Gold coin or Forex advertisers closing sales from a bunch of 13 years because all the veteran traders have left in disgust.

I welcome Jed [*] to read the HSX Support page: http://www.hsx.com/cms/forums/support and look around, I shudder to think this all is going to be a B-School case study on how to kill a successful site in under a week.

[*] Jed Christiansen, who put up a comment in defense of HSX (Jed systematically defends the people I slam on Midas Oracle) &#8212-and who has just begun an MBA education.