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(Wall Street Journal)   In its infinite wisdom, the Federal Government has forced the shutdown of the most accurate predictor of elections, politics, and financial markets ever known   ( divider line
    More: Sad, Intrade, open positions, Commodity Futures, Futures Trading, scrutiny, federal government  
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5835 clicks; posted to Politics » on 11 Mar 2013 at 4:43 PM (4 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»

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2013-03-11 03:35:23 PM  
6 votes:
2013-03-11 08:17:55 PM  
1 vote:

phaseolus: Speaking of Nate Silver, I was just reading his page a couple hours ago on this very subject, and he doesn't share subby's opinion --
...{T}here are other betting markets and bookmakers who offer odds on the election. Several of these sites are already taking bets on the identity of the 2016 Republican presidential nominee, for instance, along with any number of other races. Most of these sites are not open to Americans. But they tended to perform more rationally than Intrade over the course of the 2012 campaign, with their prices more closely tracking polls, prediction models and news events.

So these sites that don't allow Americans behave more rationally?

You don't say.
2013-03-11 04:57:35 PM  
1 vote:
From the article, it seems like the company wanted to operate as a casino but with the regulations of an investment house.

Which, I suppose, is a bit of progress compared to most investment houses wanting to operate like a casino.
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