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Intrade
Intrade.com was a web-based trading exchange whose members "traded" contracts between each other on the probabilities of various events occurring. After having been forced to exclude US traders in 2012, on 10 March 2013 Intrade suspended all trading, citing possible "financial irregularities". For a time after the suspension, the intrade.com website stated that they were working on a relaunch of the site, called "Intrade 2.0", but as of August 2014 it states that "It appears very unlikely now that Intrade will resume trading services in the way it had operated previously", and announced plans to close all accounts and refund monies by 31 December 2014. History Intrade was founded by Ron Bernstein and Sean McNamara, a New York futures and options floor trader in 1999. Intrade was later acquired by Tradesports in 2003. John Delaney, the VP of Finance at Intrade, was appointed as the CEO of Tradesports during the acquisition of Intrade by Tradesports. In 2004, Tradesports was re-or ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Wisdom Of Crowds
''The Wisdom of Crowds: Why the Many Are Smarter Than the Few and How Collective Wisdom Shapes Business, Economies, Societies and Nations'', published in 2004, is a book written by James Surowiecki about the aggregation of information in groups, resulting in decisions that, he argues, are often better than could have been made by any single member of the group. The book presents numerous case studies and anecdotes to illustrate its argument, and touches on several fields, primarily economics and psychology. The opening anecdote relates Francis Galton's surprise that the crowd at a county fair accurately guessed the weight of an ox when their individual guesses were averaged (the average was closer to the ox's true butchered weight than the estimates of most crowd members). The book relates to diverse collections of independently deciding individuals, rather than crowd psychology as traditionally understood. Its central thesis, that a diverse collection of independently decidi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Prediction Market
Prediction markets (also known as betting markets, information markets, decision markets, idea futures or event derivatives) are open markets where specific outcomes can be predicted using financial incentives. Essentially, they are exchange-traded markets created for the purpose of trading the outcome of events. The market prices can indicate what the crowd thinks the probability of the event is. A prediction market contract trades between 0 and 100%. The most common form of a prediction market is a binary option market, which will expire at the price of 0 or 100%. Prediction markets can be thought of as belonging to the more general concept of crowdsourcing which is specially designed to aggregate information on particular topics of interest. The main purposes of prediction markets are eliciting aggregating beliefs over an unknown future outcome. Traders with different beliefs trade on contracts whose payoffs are related to the unknown future outcome and the market prices of the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Policy Analysis Market
The Policy Analysis Market (PAM), part of the FutureMAP project, was a proposed futures exchange developed, beginning in May 2001, by the Information Awareness Office (IAO) of the United States Defense Advanced Research Projects Agency (DARPA), and based on an idea first proposed by Net Exchange, a San Diego, California, research firm specializing in the development of online prediction markets. PAM was shut down in August 2003 after multiple US senators condemned it as an assassination and terrorism market, a characterization criticized in turn by futures-exchange expert Robin Hanson of George Mason University, and several journalists. Since PAM's closure, several private-sector variations on the idea have been launched. Proposal PAM was to be "a market in the future of the Middle East", and would have allowed trading of futures contracts based on possible political developments in several Middle Eastern countries. The theory behind such a market is that the monetary value o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
John Delaney (businessman)
John Delaney (1969 – 21 May 2011) was an Irish businessman and the CEO of the betting exchange, trading exchange website Intrade from 2003 until 2011, which was the first commercial online exchange to feature trading on election outcomes. Delaney died at the age of 42 while climbing Mount Everest—a lifelong ambition—and came within 50 meters of the summit. He is survived by his wife, Orla, two sons, Caspar and Alexander, and a daughter, Hope, who was born whilst Delaney was away on the expedition. See also *List of people who died climbing Mount Everest References 1969 births 2011 deaths Irish businesspeople Mountaineering deaths on Mount Everest {{Ireland-business-bio-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Iowa Electronic Markets
The Iowa Electronic Markets (IEM) are a group of real-money prediction markets/futures markets operated by the University of Iowa Tippie College of Business. Unlike normal futures markets, the IEM is not-for-profit; the markets are run for educational and research purposes. The IEM allows traders to buy and sell contracts based on, among other things, political election results and economic indicators. Some markets are only available to academic traders. The IEM has often been used to predict the results of political elections with a greater accuracy than traditional polls. Accessed: 10/26/2012 A precursor to the IEM was the Iowa Political Stock Market (I ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2006 North Korean Missile Test
Two rounds of North Korean missile tests were conducted on July 5, 2006. The Democratic People's Republic of Korea (DPRK or North Korea) reportedly fired at least seven separate missiles. These included one long-range Taepodong-2 missile and short-range Scud derived missiles including the enlarged Nodong missile. The Taepodong-2 was estimated by United States intelligence agencies as having a potential range reaching as far as Alaska, although this missile failed after about 42 seconds of flight.. Accessed July 31, 2009.ArchivedAugust 5, 2009. North Korea made its first public acknowledgement of the tests on July 6, through its foreign ministry, describing them as "successful" and part of "regular military drills to strengthen self-defense", insisting that it had the legal right to do so. The country warned of "stronger physical actions" if it were put under pressure by the international community. On July 8, CNN reported that the U.S. had deployed the USS ''Mustin'', a guided ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rick Santorum
Richard John Santorum ( ; born May 10, 1958) is an American politician, attorney, and political commentator. A member of the Republican Party, he served as a United States Senator from Pennsylvania from 1995 to 2007 and was the Senate's third-ranking Republican from 2001 to 2007. Santorum ran for the 2012 Republican presidential nomination, finishing second to Mitt Romney. In January 2017, he became a CNN senior political commentator. However, he was terminated from his contract with CNN in May 2021 due to comments he made about Native Americans a few weeks prior which were deemed "dismissive". Santorum was elected to the United States Senate from Pennsylvania in 1994. He served two terms until losing his 2006 reelection bid. A Roman Catholic, Santorum is a social conservative who opposes abortion and same-sex marriage and embraced a cultural warrior image during his Senate tenure. While serving as a senator, Santorum authored the Santorum Amendment, which would have promot ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Matt Strawn
Matthew "Matt" Nathan Strawn (born 1974) is an American businessman from Ankeny, Iowa. Early life Matt Strawn is from Van Horne in Benton County, Iowa, where his family were farmers. From 1992 to 1996, he attended the University of Iowa and graduated in 1996 with a BA majoring in political science, journalism and mass communication. From 1999 to 2003, he attended the Columbus School of Law at the Catholic University of America, received his JD in 2003, and became a member of the Maryland Bar Association in 2004. Career He served on the staffs of Saxby Chambliss from 1997 to January 2001 and Mike Rogers from January 2001 to June 2007. During the 2008 presidential election, he supported John McCain's campaign. Iowa Barnstormers In early 2008, Strawn through The Strawn Company, Jeff Lamberti, and others became co-owners of the Iowa Barnstormers in the af2. The owners purchased the team from Iowa Pro Football L.P., which was led by Jim Foster, for $500,000. From the 2010 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Republican Party (United States)
The Republican Party, also referred to as the GOP ("Grand Old Party"), is one of the two major contemporary political parties in the United States. The GOP was founded in 1854 by anti-slavery activists who opposed the Kansas–Nebraska Act, which allowed for the potential expansion of chattel slavery into the western territories. Since Ronald Reagan's presidency in the 1980s, conservatism has been the dominant ideology of the GOP. It has been the main political rival of the Democratic Party since the mid-1850s. The Republican Party's intellectual predecessor is considered to be Northern members of the Whig Party, with Republican presidents Abraham Lincoln, Rutherford B. Hayes, Chester A. Arthur, and Benjamin Harrison all being Whigs before switching to the party, from which they were elected. The collapse of the Whigs, which had previously been one of the two major parties in the country, strengthened the party's electoral success. Upon its founding, it supported c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mitt Romney
Willard Mitt Romney (born March 12, 1947) is an American politician, businessman, and lawyer serving as the junior United States senator from Utah since January 2019, succeeding Orrin Hatch. He served as the 70th governor of Massachusetts from 2003 to 2007 and was the Republican Party's nominee for president of the United States in the 2012 election, losing to Barack Obama. Raised in Bloomfield Hills, Michigan, by George and Lenore Romney, he spent over two years in France as a Mormon missionary. He married Ann Davies in 1969; they have five sons. Active in the Church of Jesus Christ of Latter-day Saints (LDS Church) throughout his adult life, Romney served as bishop of his ward and later as a stake president for an area covering Boston and many of its suburbs. By 1971, he had participated in the political campaigns of both his parents. In 1971 Romney graduated with a Bachelor of Arts in English from Brigham Young University (BYU) and in 1975 he received a JD–MBA degree ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Iowa Caucus
The Iowa caucuses are biennial electoral events for members of the Democratic and Republican parties in the U.S. state of Iowa. Unlike primary elections in most other U.S. states, where registered voters go to polling places to cast ballots, Iowans instead gather at local caucus meetings to discuss and vote on the candidates. During both the presidential and midterm election seasons, registered Iowan voters vote in a per-precinct caucus for the party of which they are registered as a member. The caucuses are also held to select delegates to county conventions and party committees, among other party activities. The Iowa caucuses used to be noteworthy as the first major contest of the United States presidential primary season. Although caucus-goers have been unrepresentative of the nation's overall ethnic demographic, caucuses are still seen by some as a strong indicator of how a presidential candidate will do in later contests. This could be seen as a "self-fulfilling proph ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
