Friday, October 02, 2009

Wrap up of Olympic 2016 trading

Who says there's no liquidity in prediction markets? Well, I think that is usually true, but today's exception that proves the rule is still most welcome:

I was long North America and short Asia, so I ended up with a small loss.

Some critics will say, this just shows that prediction markets are not predictive. Well, if it wasn't going to happen for Chicago, why did the President and First Lady risk (and receive) egg on their faces? So prediction markets are not great, but they sure are better than the bets the White House places.

So let's get that liquidity killing legislation reversed!

UPDATE: John Carney agrees that Obama blew it.

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