51–58 of 58 posts
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That's not even close to libelous in the U.S., even if false.
I imagine saying a financial institution has lost all of it's customers money (without evidence) would be considered libellous in most countries.
Whoa, I thought anyone today already knows that words "market"+"prediction"="scam"
While Intrade might have been mismanaged, there is nothing fundamentally dishonest about a prediction market.
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I imagine saying a financial institution has lost all of it's customers money (without evidence) would be considered libellous in most countries.
It might be in most, but not in the U.S. You basically have to cause actual damage, have malicious intent, and actually be factually untrue. In the U.S. the comment you're speaking about would be considered mere speculation/conjecture.
Intrade shutting down? Huh, what are the odds of that?
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The problem is that currently the closest thing to a prediction market is Bets of Bitcoin, and they use probably the bizarrest set of rules you have ever had the misfortune to lay eyes on. So.. not really an alternative at all except for the most wildly mispriced bets on it (where you can be sure to come out with a profit regardless of how much the rules screw you). I see the wiki lists 2 other prediction markets, bu…
Prediction markets don't necessarily have to be real currency and it's a misconception that they are only accurate if you're using real money. We have run a prediction market using fantasy currency for years: http://home.inklingmarkets.com . We also run run private markets for companies...
However, we shouldn't forget that many people aren't going to contribute their time and expertise without a concrete reward. Nor do I blame them.
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The problem is that currently the closest thing to a prediction market is Bets of Bitcoin, and they use probably the bizarrest set of rules you have ever had the misfortune to lay eyes on. So.. not really an alternative at all except for the most wildly mispriced bets on it (where you can be sure to come out with a profit regardless of how much the rules screw you). I see the wiki lists 2 other prediction markets, bu…
Thanks for exposing a market opportunity! Sounds promising, in the right jurisdiction.
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How are you determining the accuracy of your market predictions?
Here's a blog post we wrote a few years ago about it: http://blog.inklingmarkets.com/2008/05/judging-prediction-ma...
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Care to elaborate for the ignorant among us?
Markets are unpredictable.