tag:blogger.com,1999:blog-3829599.post113399931277154783..comments2024-01-28T00:20:40.933-08:00Comments on Agoraphilia: TEN's Plans for a Legal U.S. Prediction MarketUnknownnoreply@blogger.comBlogger3125tag:blogger.com,1999:blog-3829599.post-1134075453217066882005-12-08T12:57:00.000-08:002005-12-08T12:57:00.000-08:00Mike Knesevich, of TEN, spoke at the Prediction Ma...Mike Knesevich, of TEN, spoke at the Prediction Market Summit last week. He seemed to be saying that TEN intends to operate a separate exchange for institutions and qualified investors. This may be an attempt to leveage their technology rather than their existing customer base. <BR/><BR/>The kinds of contracts that EBOTs can offer is also limited, but may be flexible enough to offer many interesting kinds of claims. I think Mike was saying that they intend to offer contracts that large investors would be interested in as a tool for hedging exposures. <BR/><BR/>I'll give my summary of the prediction market summit shortly at the Now Economy blog.Chris Hibberthttps://www.blogger.com/profile/12235621011708498622noreply@blogger.comtag:blogger.com,1999:blog-3829599.post-1134048511983766122005-12-08T05:28:00.000-08:002005-12-08T05:28:00.000-08:00Hullo, Anders! If you like using agents, than you...Hullo, Anders! <BR/><BR/>If you like using agents, than you might like an EBOT. You can trade on an EBOT through agents, too, you see. But I just don't think that would suffice to allow the sort of thick and responsive markets that we need for useful price generation.<BR/><BR/>Although I've not carefully scrutinized the relevant laws, I think that a stock exchange model would not fit a prediction market very well. Why? Because there are no equities being traded on a prediction exchange.Tom W. Bellhttps://www.blogger.com/profile/02790351458154066358noreply@blogger.comtag:blogger.com,1999:blog-3829599.post-1134033844331718822005-12-08T01:24:00.000-08:002005-12-08T01:24:00.000-08:00Hi Tom,I'm no American, and no lawyer, but couldn'...Hi Tom,<BR/><BR/>I'm no American, and no lawyer, but couldn't the prediction market be set up as a stock exchange? In that case, only the brokers need to qualify for the financial limits set by the law, and the rest of us could just trade through them, paying them a comission?! As I said, I obviously don't know the legal framework well enough, but that was what instinctively came to mind...<BR/><BR/>AndersHuginhttps://www.blogger.com/profile/02475633406636027471noreply@blogger.com