gwern comments on [Link] Bets, Portfolios, and Belief Revelation - Less Wrong

1 Post author: Jayson_Virissimo 01 July 2013 04:17PM

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Comment author: gwern 01 July 2013 07:26:18PM 2 points [-]

in 2010 it was hard to go either short or long on the Higgs discovery outside of finding an individual to bet with.

Intrade had a Higgs market. It wasn't hugely liquid, but it was probably better than finding individuals.

Comment author: RolfAndreassen 01 July 2013 09:56:17PM 2 points [-]

Fair enough, I chose my example badly; but with Intrade now shut down, we seem to be back to the dark ages of 2006 (ish? Not sure when Intrade started.)

Comment author: gwern 01 July 2013 10:02:03PM 3 points [-]

Yeah, Intrade is not currently functioning... However on the bright side: Intrade's problems seem to be internal & financial, not criminal/legal, so it's possible it will resume trading; and with the rise of Bitcoin, new betting sites have been enabled and quasi-prediction-markets like http://betsofbitco.in/ are already functioning - they suck compared to Intrade, but people are aware of the market niche and we can hope for a new Bitcoin-based prediction market at some point in the near future.