Comments on: Carving a legal niche for prediction markets in the US http://blog.oddhead.com/2006/10/17/carving-a-legal-niche-for-prediction-markets-in-the-us/ Musings of a computer scientist on predictions, odds, and markets Thu, 09 Feb 2012 08:47:34 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: casinos http://blog.oddhead.com/2006/10/17/carving-a-legal-niche-for-prediction-markets-in-the-us/#comment-2430 casinos Sun, 11 Apr 2010 09:36:25 +0000 http://blog.oddhead.com/2006/10/17/carving-a-legal-niche-for-prediction-markets-in-the-us/#comment-2430 Its only a matter of time before gambling is re-legalised. A licence to run a casino can cost anything from 600k usd to 2 million, why would anyone government want to stop it, unless its for votes from the anti gambling establishments. Its only a matter of time before gambling is re-legalised. A licence to run a casino can cost anything from 600k usd to 2 million, why would anyone government want to stop it, unless its for votes from the anti gambling establishments.

]]> By: Buck A Bean http://blog.oddhead.com/2006/10/17/carving-a-legal-niche-for-prediction-markets-in-the-us/#comment-1532 Buck A Bean Thu, 14 Jan 2010 07:09:08 +0000 http://blog.oddhead.com/2006/10/17/carving-a-legal-niche-for-prediction-markets-in-the-us/#comment-1532 this story was a major talk in the media to raise a concern over all these issues. this story was a major talk in the media to raise a concern over all these issues.

]]> By: chess online http://blog.oddhead.com/2006/10/17/carving-a-legal-niche-for-prediction-markets-in-the-us/#comment-1531 chess online Thu, 14 Jan 2010 07:05:55 +0000 http://blog.oddhead.com/2006/10/17/carving-a-legal-niche-for-prediction-markets-in-the-us/#comment-1531 Many countries are providing crisis/issues management training to members and executives of their team. Many countries are providing crisis/issues management training to members and executives of their team.

]]> By: docket http://blog.oddhead.com/2006/10/17/carving-a-legal-niche-for-prediction-markets-in-the-us/#comment-1530 docket Thu, 14 Jan 2010 07:03:12 +0000 http://blog.oddhead.com/2006/10/17/carving-a-legal-niche-for-prediction-markets-in-the-us/#comment-1530 Online gambling, extreme fighting issues for countries. Online gambling, extreme fighting issues for countries.

]]> By: libel http://blog.oddhead.com/2006/10/17/carving-a-legal-niche-for-prediction-markets-in-the-us/#comment-1529 libel Thu, 14 Jan 2010 06:57:03 +0000 http://blog.oddhead.com/2006/10/17/carving-a-legal-niche-for-prediction-markets-in-the-us/#comment-1529 New York Governor Pataki Frees British Online Gambling Executive.He resigned as Sportingbet's chairman after his arrest. New York Governor Pataki Frees British Online Gambling Executive.He resigned as Sportingbet’s chairman after his arrest.

]]> By: chicago injury lawyer http://blog.oddhead.com/2006/10/17/carving-a-legal-niche-for-prediction-markets-in-the-us/#comment-1236 chicago injury lawyer Fri, 06 Nov 2009 21:29:37 +0000 http://blog.oddhead.com/2006/10/17/carving-a-legal-niche-for-prediction-markets-in-the-us/#comment-1236 That's a very good analogy, David! That’s a very good analogy, David!

]]> By: David Pennock http://blog.oddhead.com/2006/10/17/carving-a-legal-niche-for-prediction-markets-in-the-us/#comment-16 David Pennock Wed, 25 Feb 2009 23:28:01 +0000 http://blog.oddhead.com/2006/10/17/carving-a-legal-niche-for-prediction-markets-in-the-us/#comment-16 Keith: agreed. I would add that a bookmaker seems equivalent to a market maker on an exchange. Keith: agreed.

I would add that a bookmaker seems equivalent to a market maker on an exchange.

]]> By: Keith Tips http://blog.oddhead.com/2006/10/17/carving-a-legal-niche-for-prediction-markets-in-the-us/#comment-15 Keith Tips Fri, 20 Feb 2009 12:07:36 +0000 http://blog.oddhead.com/2006/10/17/carving-a-legal-niche-for-prediction-markets-in-the-us/#comment-15 Being a professional gambler I always get annoyed when people compare a bookmaker with a betting exchange. It is like comparing a bank with a casino, as both use customers money to initiate transactions with the odds against them. A bookmaker simply makes a book on an event, hence the name bookmaker. They add an over round (as large as they want as long as they can get folk to bet the odds). A betting exchange on the other hand does not make a book, they don't even bet! They work exactly the same way as the stock market, allowing customers to buy/sell on the system. Being a professional gambler I always get annoyed when people compare a bookmaker with a betting exchange. It is like comparing a bank with a casino, as both use customers money to initiate transactions with the odds against them.

A bookmaker simply makes a book on an event, hence the name bookmaker. They add an over round (as large as they want as long as they can get folk to bet the odds).

A betting exchange on the other hand does not make a book, they don’t even bet! They work exactly the same way as the stock market, allowing customers to buy/sell on the system.

]]> By: Antonio http://blog.oddhead.com/2006/10/17/carving-a-legal-niche-for-prediction-markets-in-the-us/#comment-14 Antonio Sat, 24 May 2008 02:08:08 +0000 http://blog.oddhead.com/2006/10/17/carving-a-legal-niche-for-prediction-markets-in-the-us/#comment-14 You have some valid points there. Especially point number 2, I think anything that involves any type of skill should be allowed to flourish. Heck the government taxes everything else, just legalize this and tax it. You have some valid points there. Especially point number 2, I think anything that involves any type of skill should be allowed to flourish. Heck the government taxes everything else, just legalize this and tax it.

]]> By: criminal pardon http://blog.oddhead.com/2006/10/17/carving-a-legal-niche-for-prediction-markets-in-the-us/#comment-13 criminal pardon Wed, 21 May 2008 21:04:51 +0000 http://blog.oddhead.com/2006/10/17/carving-a-legal-niche-for-prediction-markets-in-the-us/#comment-13 isnt that kind of over stepping legal jurisdiction. If they are european business people conducting their affairs overseas, how can american law enforcement find them guilty and charge them? It sucks that America was founded by the prudes and that why there is such bizarre restraints on such things as gambling. as long as it does not become habitual it shouldnt be seen as a social perversion. isnt that kind of over stepping legal jurisdiction. If they are european business people conducting their affairs overseas, how can american law enforcement find them guilty and charge them?
It sucks that America was founded by the prudes and that why there is such bizarre restraints on such things as gambling. as long as it does not become habitual it shouldnt be seen as a social perversion.

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