Prediction Markets
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Prediction Markets
Prediction markets, also known as betting markets, information markets, decision markets, idea futures or event derivatives, are open markets that enable the prediction of specific outcomes using financial incentives. They are exchange-traded markets established for trading bets in the outcome of various events. The market prices can indicate what the crowd thinks the probability of the event is. A typical prediction market contract is set up to trade 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 m ...
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Market Price
A price is the (usually not negative) quantity of payment or compensation expected, required, or given by one party to another in return for goods or services. In some situations, especially when the product is a service rather than a physical good, the price for the service may be called something else such as "rent" or "tuition". Prices are influenced by production costs, supply of the desired product, and demand for the product. A price may be determined by a monopolist or may be imposed on the firm by market conditions. Price can be quoted in currency, quantities of goods or vouchers. * In modern economies, prices are generally expressed in units of some form of currency. (More specifically, for raw materials they are expressed as currency per unit weight, e.g. euros per kilogram or Rands per KG.) * Although prices could be quoted as quantities of other goods or services, this sort of barter exchange is rarely seen. Prices are sometimes quoted in terms of vouch ...
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University Of Iowa
The University of Iowa (U of I, UIowa, or Iowa) is a public university, public research university in Iowa City, Iowa, United States. Founded in 1847, it is the oldest and largest university in the state. The University of Iowa is organized into 12 colleges offering more than 200 areas of study and 7 professional degrees. On an urban 1,880-acre campus on the banks of the Iowa River, the University of Iowa is Carnegie Classification of Institutions of Higher Education, classified among "R1: Doctoral Universities – Very high research activity". In fiscal year 2021, research expenditures at Iowa totaled $818 million. The university was the original developer of the Master of Fine Arts degree, and it operates the Iowa Writers' Workshop, whose alumni include 17 of the university's 46 Pulitzer Prize winners. Iowa is a member of the Association of American Universities and the Universities Research Association. Among public universities in the United States, UI was the first to beco ...
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United States Department Of Defense
The United States Department of Defense (DoD, USDOD, or DOD) is an United States federal executive departments, executive department of the federal government of the United States, U.S. federal government charged with coordinating and supervising the six U.S. armed services: the United States Army, Army, United States Navy, Navy, United States Marine Corps, Marines, United States Air Force, Air Force, United States Space Force, Space Force, the United States Coast Guard, Coast Guard for some purposes, and related functions and agencies. As of November 2022, the department has over 1.4 million active-duty uniformed personnel in the six armed services. It also supervises over 778,000 National Guard (United States), National Guard and reservist personnel, and over 747,000 civilians, bringing the total to over 2.91 million employees. Headquartered at the Pentagon in Arlington County, Virginia, just outside Washington, D.C., the Department of Defense's stated mission is "to provid ...
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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 ...
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Academy Awards
The Academy Awards, commonly known as the Oscars, are awards for artistic and technical merit in film. They are presented annually by the Academy of Motion Picture Arts and Sciences (AMPAS) in the United States in recognition of excellence in cinematic achievements as assessed by the Academy's voting membership. The Oscars are widely considered to be the most prestigious awards in the film industry. The major award categories, known as the Academy Awards of Merit, are presented during a live-televised Hollywood, Los Angeles, Hollywood ceremony in February or March. It is the oldest worldwide entertainment awards ceremony. The 1st Academy Awards were held in 1929. The 2nd Academy Awards, second ceremony, in 1930, was the first one broadcast by radio. The 25th Academy Awards, 1953 ceremony was the first one televised. It is the oldest of the EGOT, four major annual American entertainment awards. Its counterparts—the Emmy Awards for television, the Tony Awards for theater, and ...
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Cantor Fitzgerald
Cantor Fitzgerald, L.P. is an American financial services firm that was founded in 1945. It specializes in institutional equity, fixed-income sales and trading, and serving the middle market with investment banking services, prime brokerage, and commercial real estate financing. It is also active in new businesses, including advisory and asset management services, gaming technology, and e-commerce. It has more than 5,000 institutional clients. Cantor Fitzgerald is one of 24 primary dealers that are authorized to trade US government securities with the Federal Reserve Bank of New York. Cantor Fitzgerald's 1,600 employees work in more than 30 locations, including financial centers in the Americas, Europe, Asia-Pacific, and the Middle East. Together with its affiliates, Cantor Fitzgerald operates in more than 60 offices in 20 countries and has more than 12,500 employees. Before 2001, the company's headquarters were located between the 101st and 105th floors of the North Tower o ...
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Hollywood Stock Exchange
The Hollywood Stock Exchange, or HSX, is a web-based, multiplayer game in which players use simulated money to buy and sell "shares" of actors, directors, upcoming films, and film-related options. The game uses Virtual Specialist technology invented by HSX co-founders and creators Max Keiser and Michael R. Burns, who were awarded a in 1999 for the invention. Claims of this patent cover trading applications for trading virtual securities using virtual currencies over a network. The company moved into the former Ritts Furniture building designed by Harry Harrison on Santa Monica Boulevard. Operation Because trading directly affects the prices of the securities – purchasing enough shares of a stock causes its price to rise, and selling causes its price to fall – and because the ultimate value of a moviestock is based on the film's box office, stock prices act as box office predictions. For example, if a particular moviestock trades at "H$40.00", the market is predicting th ...
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Trader (finance)
A trader is a person, firm, or entity in finance who buys and sells financial instruments, such as forex, cryptocurrencies, stocks, bonds, commodities, derivatives, and mutual funds, indices in the capacity of agent, hedger, arbitrager, or speculator. Duties and types The word "trader" appeared as early as 1863 in a universal dictionary as "trading man." Traders work for financial institutions as foreign exchange or securities dealers in the cash market and in the futures market, or for their own account as proprietary traders. They also include stock exchange traders, but not stockbrokers or lead brokers. Traders buy and sell financial instruments traded in the stock markets, derivatives markets and commodity markets, comprising the stock exchanges, derivatives exchanges, and the commodities exchanges. Several categories and designations for diverse kinds of traders are found in finance, including: * Bond trader. * Floor trader. *Hedge fund trader. * High-frequency trader. ...
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Commodity Futures Trading Commission
The Commodity Futures Trading Commission (CFTC) is an Independent agencies of the United States government, independent agency of the US government created in 1974 that regulates the U.S. derivatives markets, which includes futures contract, futures, Swap (finance), swaps, and certain kinds of option (finance), options. The Commodity Exchange Act (CEA), ''et seq.'', prohibits fraudulent conduct in the trading of futures, swaps, and other derivatives. The stated mission of the CFTC is to promote the integrity, resilience, and vibrancy of the U.S. derivatives markets through sound regulation. After the 2008 financial crisis and since 2010 with the Dodd–Frank Wall Street Reform and Consumer Protection Act, the CFTC has been transitioning to bring more transparency and sound regulation to the multitrillion-dollar swaps market. History Futures contracts for agricultural commodities have been traded in the U.S. for more than 150 years and have been under federal regulation sinc ...
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HedgeStreet
Nadex (Northern American Derivatives Exchange), formerly known as HedgeStreet, is a US-based retail-focused online binary options exchange. It offers retail trading of binary options and spreads on the most heavily traded forex, commodities and stock indices markets. History Nadex originally was known as "HedgeStreet" and was based in San Mateo, California. The Exchange was launched in 2004 offering an electronic marketplace that offered trading in financial derivatives to retail investors. HedgeStreet shut down its business in late 2007. Shortly thereafter, UK-based IG Group Holdings plc. agreed to purchase HedgeStreet, Inc. for $6 million and began restructuring the exchange, its technology, and its products. In 2009, HedgeStreet was renamed as the North American Derivatives Exchange (Nadex). HedgeStreet was considered a pioneer in event futures, and the derivatives exchange is regulated in the US by the Commodity Futures Trading Commission (CFTC). The company operates the He ...
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Cold Fusion
Cold fusion is a hypothesized type of nuclear reaction that would occur at, or near, room temperature. It would contrast starkly with the nuclear fusion, "hot" fusion that is known to take place naturally within Main sequence, stars and artificially in Thermonuclear weapon, hydrogen bombs and prototype Fusion power, fusion reactors under immense pressure and at temperatures of millions of degrees, and be distinguished from muon-catalyzed fusion. There is currently no accepted theoretical model that would allow cold fusion to occur. In 1989, two electrochemistry, electrochemists at the University of Utah, Martin Fleischmann and Stanley Pons, reported that their apparatus had produced anomalous heat ("excess heat") of a magnitude they asserted would defy explanation except in terms of nuclear processes. They further reported measuring small amounts of nuclear reaction byproducts, including neutrons and tritium. ("It is inconceivable that this [amount of heat] could be due to anyth ...
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Robin Hanson
Robin Dale Hanson (born August 28, 1959) is an American economist and author. He is associate professor of economics at George Mason University and a former research associate at the Future of Humanity Institute of Oxford University. Hanson is known for his work on idea futures and markets, and he was involved in the creation of the Foresight Institute's Foresight Exchange and DARPA's FutureMAP project. He invented market scoring rules like LMSR ( Logarithmic Market Scoring Rule) used by prediction markets such as Consensus Point (where Hanson is Chief Scientist), and has conducted research on signalling. He also proposed the Great Filter hypothesis. Background Hanson received a BS in physics from the University of California, Irvine in 1981, an MS in physics and an MA in Conceptual Foundations of Science from the University of Chicago in 1984, and a PhD in social science from Caltech in 1997 for his thesis titled ''Four puzzles in information and politics: Product bans, i ...
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