August 10, 2007

What Implications for Prediction Markets from the Nymex V. Intercontinentalexchange Case?

Michael Giberson I’ve followed up the long post on the NYMEX v. IntercontinentalExchange decision here with a post on Midas Oracle in which I contemplate potential adverse consequences for some prediction markets (or, indeed, anyone publishing market data for which they assert copyright). An excerpt: While some caveats would emerge in a longer discussion, a …

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Baltimore Sun Columnist on Pjm: Let’s See Why Grid Watchdog Barked

Michael Giberson As noted here previously (PJM Wants to Reorganize Market Monitoring Unit, Move On), PJM has filed a proposal with FERC to reorganize its market monitoring unit, hoping to quell controversy and settle a pair of complaints filed against the grid operator earlier this year. Not so fast, say Baltimore Sun columnist Jay Hancock. …

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What is a Price? The Courts Think They Know; The Courts Are Wrong.

Michael Giberson A fact? An opinion? A creation? An idea? What kind of thing is a price? Perhaps too philosophical for you this morning. Try the question this way: Is the NYMEX’s report of daily futures contract prices like a phone book, like the census taker’s count of population in an area, or more like …

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