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Emile Servan-Schreiber  
View profile
 More options Oct 22 2007, 3:51 am
From: "Emile Servan-Schreiber" <e...@newsfutures.com>
Date: Mon, 22 Oct 2007 09:51:47 +0200
Local: Mon, Oct 22 2007 3:51 am
Subject: Prediction Market Industry Association is born

On behalf of the board, I'm delighted to officially announce the creation of
the Prediction Market Industry Association (PMIA - www.pmindustry.org). It
is something we, as a community, had started discussing almost two years ago
already, and as we got together in London earlier this month for the PM
Summit, it seemed that the time had come to get together, get organized, and
get moving. So here it is:

PREDICTION MARKET INDUSTRY ASSOCIATION IS BORN

Industry and thought leaders join forces to help promote and grow the field
of prediction markets.

London (Oct 22 2007) - The recent Prediction Market Summit held in London,
UK, concluded with the creation of an international industry association
tasked with promoting awareness, education and validation for the rapidly
growing field.

Participants at the summit reflected the rich international and dynamic
texture of the field, including veteran industry leaders such as Hollywood
Stock Exchange (US), Intrade (IRL), NewsFutures (US), and Pro:kons (AU), as
well as newer entrants such as Gexid (DE), Mercury (UK), Nosco (DK) and
Xpree (US). Also present were many members of the international academic
community from institutions in the UK, Scandinavia, Germany, Ireland, and
Japan, as well as representatives of Schlumberger, Microsoft, Nokia and
other companies using or considering the use of prediction markets in the
operation of their business.

The Prediction Market Industry Association ("PMIA") will focus on
initiatives that can benefit all stake-holders while not hampering the
healthy competition and rapid innovation that characterizes the field.
Concretely, its first priorities are to:
*
1) Create a central, standardized registry of available prediction stocks
and contracts from different prediction markets.* This open central resource
will help demonstrate the wide coverage of available predictions, facilitate
search, and make prediction market data more easily available to
researchers, the media, and the public at large. Participation will be
entirely voluntary, and the program will leave each publisher in complete
control of the commercial terms for accessing its data.
*
2) Offer a directory of its members, a library of core readings, and other
such resources *enabling newcomers to quickly learn about the field and find
their way among the various worldwide offerings.

*3) Provide a consensual venue for sharing industry-relevant information and
announcements, and organize regular meetings of the industry to discuss
common opportunities.*
*
4) Lobby for a clear legal and regulatory environment conducive to the
productive adoption of prediction markets *by individuals, firms, and
governments, and ensuring free access to these markets by traders.

To lead the collective effort on these initiatives, the summit participants
chose a five member board of directors: three from industry and two from
academia. Participants immediately came to consensus on the two academic
members. The three industry board members, however, were elected in a secret
ballot where voters could nominate any industry player whether present at
the meeting or not. The PMIA's first board is comprised of:

Emile Servan-Schreiber (NewsFutures) - Chairman
Jed Christiansen (Mercury Research & Consulting) - Treasurer
John Delaney (Intrade)
Robin Hanson (George Mason University)
Justin Wolfers (Wharton School, University of Pennsylvania)

The board's first task will be to establish the association's bylaws, which
will naturally include provisions for the regular rotation of the members of
the board. A first draft will be published within the next two weeks and
will be open to comment by all interested parties.

As it pursues the PMIA's collective benefit agenda, the board looks forward
to drawing heavily from the prediction market community's extraordinarily
rich and diverse pool of talent and experience. Comments, suggestions, and
offers to help are most welcome. (We thank our friends at Nosco for
graciously designing the association's logo.)

As of today, the Prediction-Markets Google Group becomes the official
discussion venue of the association. (Thanks to John Maloney for turning
over the keys of this valuable resource.) This discussion group will act as
the de facto virtual home of the association while the association's website
is in construction at http://www.pmindustry.org.

In recognition of the inspiration provided by the river Thames, on the banks
of which it was born, and the fact that London is both the financial capital
of the world and a historical bridge between the United States and Europe,
where most of the activity in the field currently takes place, the PMIA
board has chosen this city as its physical home.

###

For additional information contact:

Emile Servan-Schreiber T:    +1 (443) 321-2700 E: e...@newsfutures.com
Jed Christiansen T:    +44 796 358 3663 E: jed.christian...@mercury-rac.com
John Delaney T:    +353 1 6200 300 E: john.dela...@intrade.com
Robin Hanson E: rhan...@gmu.edu
Justin Wolfers E: jwolf...@wharton.upenn.edu


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John T. Maloney (Skype: jheuristic)  
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 More options Oct 22 2007, 1:54 pm
From: "John T. Maloney \(Skype: jheuristic\)" <jheuris...@gmail.com>
Date: Mon, 22 Oct 2007 10:54:09 -0700
Local: Mon, Oct 22 2007 1:54 pm
Subject: RE: Prediction Market Industry Association is born

Hi -

Sounds great!

It would be good to find a couple users/practitioners for the PMIA BoD. They
would be from some of the big enterprise users, media outlets, govt, NGOs,
etc. They would add a lot of balance to the already very strong board.

It is important to adopt an ecosystem approach to advance the threshold
model of collective behavior for PMs. The PMIA is an important new organism
in the PM value network - http://en.wikipedia.org/wiki/Value_network

Note: The (first?) Asia/Pacific PM event is in Hong Kong next month --
http://kmblogs.com/public/item/186587

Cordially,

-j

http://kmblogs.com/public/blog/105430

From: Prediction-Markets@googlegroups.com
[mailto:Prediction-Markets@googlegroups.com] On Behalf Of Emile
Servan-Schreiber
Sent: Monday, October 22, 2007 12:52 AM
To: Prediction-Markets@googlegroups.com
Subject: Prediction Market Industry Association is born

On behalf of the board, I'm delighted to officially announce the creation of
the Prediction Market Industry Association (PMIA - www.pmindustry.org). It
is something we, as a community, had started discussing almost two years ago
already, and as we got together in London earlier this month for the PM
Summit, it seemed that the time had come to get together, get organized, and
get moving. So here it is:

PREDICTION MARKET INDUSTRY ASSOCIATION IS BORN

Industry and thought leaders join forces to help promote and grow the field
of prediction markets.

London (Oct 22 2007) - The recent Prediction Market Summit held in London,
UK, concluded with the creation of an international industry association
tasked with promoting awareness, education and validation for the rapidly
growing field.

Participants at the summit reflected the rich international and dynamic
texture of the field, including veteran industry leaders such as Hollywood
Stock Exchange (US), Intrade (IRL), NewsFutures (US), and Pro:kons (AU), as
well as newer entrants such as Gexid (DE), Mercury (UK), Nosco (DK) and
Xpree (US). Also present were many members of the international academic
community from institutions in the UK, Scandinavia, Germany, Ireland, and
Japan, as well as representatives of Schlumberger, Microsoft, Nokia and
other companies using or considering the use of prediction markets in the
operation of their business.

The Prediction Market Industry Association ("PMIA") will focus on
initiatives that can benefit all stake-holders while not hampering the
healthy competition and rapid innovation that characterizes the field.
Concretely, its first priorities are to:

1) Create a central, standardized registry of available prediction stocks
and contracts from different prediction markets. This open central resource
will help demonstrate the wide coverage of available predictions, facilitate
search, and make prediction market data more easily available to
researchers, the media, and the public at large. Participation will be
entirely voluntary, and the program will leave each publisher in complete
control of the commercial terms for accessing its data.

2) Offer a directory of its members, a library of core readings, and other
such resources enabling newcomers to quickly learn about the field and find
their way among the various worldwide offerings.

3) Provide a consensual venue for sharing industry-relevant information and
announcements, and organize regular meetings of the industry to discuss
common opportunities.

4) Lobby for a clear legal and regulatory environment conducive to the
productive adoption of prediction markets by individuals, firms, and
governments, and ensuring free access to these markets by traders.

To lead the collective effort on these initiatives, the summit participants
chose a five member board of directors: three from industry and two from
academia. Participants immediately came to consensus on the two academic
members. The three industry board members, however, were elected in a secret
ballot where voters could nominate any industry player whether present at
the meeting or not. The PMIA's first board is comprised of:

Emile Servan-Schreiber (NewsFutures) - Chairman
Jed Christiansen (Mercury Research & Consulting) - Treasurer
John Delaney (Intrade)
Robin Hanson (George Mason University)
Justin Wolfers (Wharton School, University of Pennsylvania)

The board's first task will be to establish the association's bylaws, which
will naturally include provisions for the regular rotation of the members of
the board. A first draft will be published within the next two weeks and
will be open to comment by all interested parties.

As it pursues the PMIA's collective benefit agenda, the board looks forward
to drawing heavily from the prediction market community's extraordinarily
rich and diverse pool of talent and experience. Comments, suggestions, and
offers to help are most welcome. (We thank our friends at Nosco for
graciously designing the association's logo.)

As of today, the Prediction-Markets Google Group becomes the official
discussion venue of the association. (Thanks to John Maloney for turning
over the keys of this valuable resource.) This discussion group will act as
the de facto virtual home of the association while the association's website
is in construction at http://www.pmindustry.org.

In recognition of the inspiration provided by the river Thames, on the banks
of which it was born, and the fact that London is both the financial capital
of the world and a historical bridge between the United States and Europe,
where most of the activity in the field currently takes place, the PMIA
board has chosen this city as its physical home.

###


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Bo Cowgill  
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 More options Oct 22 2007, 3:03 pm
From: "Bo Cowgill" <b...@stanfordalumni.org>
Date: Mon, 22 Oct 2007 12:03:17 -0700
Local: Mon, Oct 22 2007 3:03 pm
Subject: Re: Prediction Market Industry Association is born

The new group definitely has the potential to accomplish something useful.
My one wish: That the new organization accomplish its goals in a
platform-neutral and consultancy-neutral way. Your press release seems to
say nothing about this.

If the association seems like a mechanism for promoting Intrade, NewsFutures
or Jed Christiansen's career at the expense of competitors, I predict your
legitimacy will come under extremely harsh critique.

Bo

On 10/22/07, John T. Maloney (Skype: jheuristic) <jheuris...@gmail.com>
wrote:


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John Delaney, CEO, Intrade.com  
View profile
 More options Oct 22 2007, 3:27 pm
From: "John Delaney, CEO, Intrade.com" <john.dela...@intrade.com>
Date: Mon, 22 Oct 2007 12:27:18 -0700
Local: Mon, Oct 22 2007 3:27 pm
Subject: Re: Prediction Market Industry Association is born
Hi Bo,

Shame you could not make it to the London event.
It was a good one.
Had you been there I think your concern, a very valid concern, would
be lessened or totally non existent.

If the PMIA (a group that I recommended we *all* set up as long ago as
at the NYC PM event where I first met you) does become a mechanism for
promoting any entity at the expense of competition I will be at to
forefront of the "extremely harsh critique" crowd.

John


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Costakis, Alex  
View profile
 More options Oct 22 2007, 3:44 pm
From: "Costakis, Alex" <ACosta...@hsx.com>
Date: Mon, 22 Oct 2007 15:44:58 -0400
Local: Mon, Oct 22 2007 3:44 pm
Subject: RE: Prediction Market Industry Association is born

I don't see this initiative or the appointment of the initial board
members as a mechanism for promoting specific platforms.

By nature of InTrade being the largest real-money prediction market
worldwide and NewsFutures being on the front-line of establishing a
public prediction market through their media initiative with USA Today,
I view both as practitioners with years of experience all of which is
valuable to the industry on whole. Though both companies do operate as
platform providers, within a new industry like this, there's bound to be
crossover in terms of business focus. I also view Jed's contribution as
neutral and one with dedication and energy.

This will be a multi-phased process with flexibility for adjustment and
collective contribution. I believe the time has come for an association
and I'm glad to see the ball rolling.  

Alex -

________________________________

From: Prediction-Markets@googlegroups.com
[mailto:Prediction-Markets@googlegroups.com] On Behalf Of Bo Cowgill
Sent: Monday, October 22, 2007 12:03 PM
To: Prediction-Markets@googlegroups.com
Subject: Re: Prediction Market Industry Association is born

The new group definitely has the potential to accomplish something
useful. My one wish: That the new organization accomplish its goals in a
platform-neutral and consultancy-neutral way. Your press release seems
to say nothing about this.

If the association seems like a mechanism for promoting Intrade,
NewsFutures or Jed Christiansen's career at the expense of competitors,
I predict your legitimacy will come under extremely harsh critique.

Bo

On 10/22/07, John T. Maloney (Skype: jheuristic) <jheuris...@gmail.com>
wrote:

Hi -

Sounds great!

It would be good to find a couple users/practitioners for the PMIA BoD.
They would be from some of the big enterprise users, media outlets,
govt, NGOs, etc. They would add a lot of balance to the already very
strong board.

It is important to adopt an ecosystem approach to advance the threshold
model of collective behavior for PMs. The PMIA is an important new
organism in the PM value network -
http://en.wikipedia.org/wiki/Value_network

Note: The (first?) Asia/Pacific PM event is in Hong Kong next month --
http://kmblogs.com/public/item/186587

Cordially,

-j

http://kmblogs.com/public/blog/105430

From: Prediction-Markets@googlegroups.com
[mailto:Prediction-Markets@googlegroups.com] On Behalf Of Emile
Servan-Schreiber
Sent: Monday, October 22, 2007 12:52 AM
To: Prediction-Markets@googlegroups.com
Subject: Prediction Market Industry Association is born

On behalf of the board, I'm delighted to officially announce the
creation of the Prediction Market Industry Association (PMIA -
www.pmindustry.org). It is something we, as a community, had started
discussing almost two years ago already, and as we got together in
London earlier this month for the PM Summit, it seemed that the time had
come to get together, get organized, and get moving. So here it is:

PREDICTION MARKET INDUSTRY ASSOCIATION IS BORN

Industry and thought leaders join forces to help promote and grow the
field of prediction markets.

London (Oct 22 2007) - The recent Prediction Market Summit held in
London, UK, concluded with the creation of an international industry
association tasked with promoting awareness, education and validation
for the rapidly growing field.

Participants at the summit reflected the rich international and dynamic
texture of the field, including veteran industry leaders such as
Hollywood Stock Exchange (US), Intrade (IRL), NewsFutures (US), and
Pro:kons (AU), as well as newer entrants such as Gexid (DE), Mercury
(UK), Nosco (DK) and Xpree (US). Also present were many members of the
international academic community from institutions in the UK,
Scandinavia, Germany, Ireland, and Japan, as well as representatives of
Schlumberger, Microsoft, Nokia and other companies using or considering
the use of prediction markets in the operation of their business.

The Prediction Market Industry Association ("PMIA") will focus on
initiatives that can benefit all stake-holders while not hampering the
healthy competition and rapid innovation that characterizes the field.
Concretely, its first priorities are to:

1) Create a central, standardized registry of available prediction
stocks and contracts from different prediction markets. This open
central resource will help demonstrate the wide coverage of available
predictions, facilitate search, and make prediction market data more
easily available to researchers, the media, and the public at large.
Participation will be entirely voluntary, and the program will leave
each publisher in complete control of the commercial terms for accessing
its data.

2) Offer a directory of its members, a library of core readings, and
other such resources enabling newcomers to quickly learn about the field
and find their way among the various worldwide offerings.

3) Provide a consensual venue for sharing industry-relevant information
and announcements, and organize regular meetings of the industry to
discuss common opportunities.

4) Lobby for a clear legal and regulatory environment conducive to the
productive adoption of prediction markets by individuals, firms, and
governments, and ensuring free access to these markets by traders.

To lead the collective effort on these initiatives, the summit
participants chose a five member board of directors: three from industry
and two from academia. Participants immediately came to consensus on the
two academic members. The three industry board members, however, were
elected in a secret ballot where voters could nominate any industry
player whether present at the meeting or not. The PMIA's first board is
comprised of:

Emile Servan-Schreiber (NewsFutures) - Chairman
Jed Christiansen (Mercury Research & Consulting) - Treasurer
John Delaney (Intrade)
Robin Hanson (George Mason University)
Justin Wolfers (Wharton School, University of Pennsylvania)

The board's first task will be to establish the association's bylaws,
which will naturally include provisions for the regular rotation of the
members of the board. A first draft will be published within the next
two weeks and will be open to comment by all interested parties.

As it pursues the PMIA's collective benefit agenda, the board looks
forward to drawing heavily from the prediction market community's
extraordinarily rich and diverse pool of talent and experience.
Comments, suggestions, and offers to help are most welcome. (We thank
our friends at Nosco for graciously designing the association's logo.)

As of today, the Prediction-Markets Google Group becomes the official
discussion venue of the association. (Thanks to John Maloney for turning
over the keys of this valuable resource.) This discussion group will act
as the de facto virtual home of the association while the association's
website is in construction at http://www.pmindustry.org.

In recognition of the inspiration provided by the river Thames, on the
banks of which it was born, and the fact that London is both the
financial capital of the world and a historical bridge between the
United States and Europe, where most of the activity in the field
currently takes place, the PMIA board has chosen this city as its
physical home.

###


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Oliver Bernhard Pedersen  
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 More options Oct 22 2007, 3:56 pm
From: Oliver Bernhard Pedersen <oli...@nosco.dk>
Date: Mon, 22 Oct 2007 21:56:40 +0200
Local: Mon, Oct 22 2007 3:56 pm
Subject: Re: Prediction Market Industry Association is born

Interesting observation Bo

Maybe the board members should only appear by name and not by company??

Best Regards

Oliver Bernhard Pedersen
www.nosco.dk

On Oct 22, 2007, at 9:03 PM, Bo Cowgill wrote:

The new group definitely has the potential to accomplish something  
useful. My one wish: That the new organization accomplish its goals  
in a platform-neutral and consultancy-neutral way. Your press release  
seems to say nothing about this.

If the association seems like a mechanism for promoting Intrade,  
NewsFutures or Jed Christiansen's career at the expense of  
competitors, I predict your legitimacy will come under extremely  
harsh critique.

Bo

On 10/22/07, John T. Maloney (Skype: jheuristic)  

<jheuris...@gmail.com> wrote:

Hi –

Sounds great!

It would be good to find a couple users/practitioners for the PMIA  
BoD. They would be from some of the big enterprise users, media  
outlets, govt, NGOs, etc. They would add a lot of balance to the  
already very strong board.

It is important to adopt an ecosystem approach to advance the  
threshold model of collective behavior for PMs. The PMIA is an  
important new organism in the PM value network - http://
en.wikipedia.org/wiki/Value_network

Note: The (first?) Asia/Pacific PM event is in Hong Kong next month  
--  http://kmblogs.com/public/item/186587

Cordially,

-j

http://kmblogs.com/public/blog/105430

From: Prediction-Markets@googlegroups.com [mailto:Prediction-
Markets@googlegroups.com] On Behalf Of Emile Servan-Schreiber
Sent: Monday, October 22, 2007 12:52 AM
To: Prediction-Markets@googlegroups.com
Subject: Prediction Market Industry Association is born

On behalf of the board, I'm delighted to officially announce the  
creation of the Prediction Market Industry Association (PMIA -  
www.pmindustry.org). It is something we, as a community, had started  
discussing almost two years ago already, and as we got together in  
London earlier this month for the PM Summit, it seemed that the time  
had come to get together, get organized, and get moving. So here it is:

PREDICTION MARKET INDUSTRY ASSOCIATION IS BORN

Industry and thought leaders join forces to help promote and grow the  
field of prediction markets.

London (Oct 22 2007) - The recent Prediction Market Summit held in  
London, UK, concluded with the creation of an international industry  
association tasked with promoting awareness, education and validation  
for the rapidly growing field.

Participants at the summit reflected the rich international and  
dynamic texture of the field, including veteran industry leaders such  
as Hollywood Stock Exchange (US), Intrade (IRL), NewsFutures (US),  
and Pro:kons (AU), as well as newer entrants such as Gexid (DE),  
Mercury (UK), Nosco (DK) and Xpree (US). Also present were many  
members of the international academic community from institutions in  
the UK, Scandinavia, Germany, Ireland, and Japan, as well as  
representatives of Schlumberger, Microsoft, Nokia and other companies  
using or considering the use of prediction markets in the operation  
of their business.

The Prediction Market Industry Association ("PMIA") will focus on  
initiatives that can benefit all stake-holders while not hampering  
the healthy competition and rapid innovation that characterizes the  
field. Concretely, its first priorities are to:

1) Create a central, standardized registry of available prediction  
stocks and contracts from different prediction markets. This open  
central resource will help demonstrate the wide coverage of available  
predictions, facilitate search, and make prediction market data more  
easily available to researchers, the media, and the public at large.  
Participation will be entirely voluntary, and the program will leave  
each publisher in complete control of the commercial terms for  
accessing its data.

2) Offer a directory of its members, a library of core readings, and  
other such resources enabling newcomers to quickly learn about the  
field and find their way among the various worldwide offerings.

3) Provide a consensual venue for sharing industry-relevant  
information and announcements, and organize regular meetings of the  
industry to discuss common opportunities.

4) Lobby for a clear legal and regulatory environment conducive to  
the productive adoption of prediction markets by individuals, firms,  
and governments, and ensuring free access to these markets by traders.

To lead the collective effort on these initiatives, the summit  
participants chose a five member board of directors: three from  
industry and two from academia. Participants immediately came to  
consensus on the two academic members. The three industry board  
members, however, were elected in a secret ballot where voters could  
nominate any industry player whether present at the meeting or not.  
The PMIA's first board is comprised of:

Emile Servan-Schreiber (NewsFutures) - Chairman
Jed Christiansen (Mercury Research & Consulting) - Treasurer
John Delaney (Intrade)
Robin Hanson (George Mason University)
Justin Wolfers (Wharton School, University of Pennsylvania)

The board's first task will be to establish the association's bylaws,  
which will naturally include provisions for the regular rotation of  
the members of the board. A first draft will be published within the  
next two weeks and will be open to comment by all interested parties.

As it pursues the PMIA's collective benefit agenda, the board looks  
forward to drawing heavily from the prediction market community's  
extraordinarily rich and diverse pool of talent and experience.  
Comments, suggestions, and offers to help are most welcome. (We thank  
our friends at Nosco for graciously designing the association's logo.)

As of today, the Prediction-Markets Google Group becomes the official  
discussion venue of the association. (Thanks to John Maloney for  
turning over the keys of this valuable resource.) This discussion  
group will act as the de facto virtual home of the association while  
the association's website is in construction at http://
www.pmindustry.org.

In recognition of the inspiration provided by the river Thames, on  
the banks of which it was born, and the fact that London is both the  
financial capital of the world and a historical bridge between the  
United States and Europe, where most of the activity in the field  
currently takes place, the PMIA board has chosen this city as its  
physical home.

###


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Byrne Hobart  
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 More options Oct 22 2007, 3:59 pm
From: "Byrne Hobart" <sometimesfunnyalwaysri...@gmail.com>
Date: Mon, 22 Oct 2007 15:59:37 -0400
Local: Mon, Oct 22 2007 3:59 pm
Subject: Re: Prediction Market Industry Association is born

> Interesting observation Bo

> Maybe the board members should only appear by name and not by company??

I don't think you can design an industry association that doesn't
eventually work to exclude newcomers and benefit senior members. If
it's going to have any power at all, the PMIA will have the power to
protect major participants' market share, and since those participants
will have the best lobbying leverage, that's about what will happen.

But it might not get that bad for a while.


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John T. Maloney (Skype: jheuristic)  
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 More options Oct 22 2007, 4:05 pm
From: "John T. Maloney \(Skype: jheuristic\)" <jheuris...@gmail.com>
Date: Mon, 22 Oct 2007 13:05:44 -0700
Local: Mon, Oct 22 2007 4:05 pm
Subject: RE: Prediction Market Industry Association is born

Hi Bo -

Industry Associations, per se, are usually not vendor neutral, even if they
say they are. There is nothing wrong with that well-established, effective
development model. A rising tide lifts all boats. If members put time and
resources into vendor-specific transorganizational PM collaboration, they
will gain considerable marketplace advantages, even w/o being neutral. The
PMIA is simply another role, and an important one, in the emergent PM
ecosystem.

All PM stakeholders should join and be active in the PMIA!

Remember, the PM Clusters (http://www.pmcluster.com/ ) are 100% vendor
agnostic, open, non-commercial, consultant-free. The PM Cluster's governance
originates from the network only. Sponsors, participants and stakeholders
own their events by serving their PM value network. This is a widespread and
popular model. (See its 10yo charter below.)

Cluster Charter (1997):

"Clusters are fluid, organic, rhythmic collaboration and open
action/research networks. They are ad hoc, spontaneous and proximate
conversation. Clusters are 100% led by participants. Colonizing themes in a
day-long conversation is your only modality. A Cluster is not a conference.
It is not a seminar, training, forum or trade event. It is not a
professional organization, framework vendor or consultancy. There are no
boards, committees, advisors or certifications. We do not compete and are
vendor agnostic. Regional sponsors vary from quarter to quarter. Governance
originates from the network only. Above all, Clusters have the highest
standards for venues, speakers, meals, participants and thought leadership.
The modest participant sponsorship nourishes the network and provides
sustainability, independence, rhythm and continuity."  More here ::

http://www.kmcluster.com/about_the_km_cluster.htm

For example, concerning the cluster discussion groups, like this one, they
have many managers, many owners. Users self-organize. The outcome is
emergent networks and new nodal roles like the PMIA. It is natural and
organic value network emergence. You may brush-up here:

http://kmblogs.com/public/item/181809

Anyway, there is a simple heuristic to divine the values of almost any org:
follow the money. To really get going the PMIA will need cash sponsors. If
an ad agency like Google is a backer, then maybe there should be some
expectations of neutrality. Baring that, there should be a fair and
legitimate expectation that the PMIA exists solely for the good of its
members. Nothing wrong with that. In fact, it is really important!

Meanwhile, the PM Cluster networks remain open, federated, distributed,
agnostic, non-commercial, transparent, and. at your service!

Cordially,

-j

IM/Skype: jheuristic
Blog: http://kmblogs.com/
ID: http://xri.net/=jheuristic

From: Prediction-Markets@googlegroups.com
[mailto:Prediction-Markets@googlegroups.com] On Behalf Of Bo Cowgill
Sent: Monday, October 22, 2007 12:03 PM
To: Prediction-Markets@googlegroups.com
Subject: Re: Prediction Market Industry Association is born

The new group definitely has the potential to accomplish something useful.
My one wish: That the new organization accomplish its goals in a
platform-neutral and consultancy-neutral way. Your press release seems to
say nothing about this.

If the association seems like a mechanism for promoting Intrade, NewsFutures
or Jed Christiansen's career at the expense of competitors, I predict your
legitimacy will come under extremely harsh critique.

Bo

On 10/22/07, John T. Maloney (Skype: jheuristic) <jheuris...@gmail.com>
wrote:

Hi -

Sounds great!

It would be good to find a couple users/practitioners for the PMIA BoD. They
would be from some of the big enterprise users, media outlets, govt, NGOs,
etc. They would add a lot of balance to the already very strong board.

It is important to adopt an ecosystem approach to advance the threshold
model of collective behavior for PMs. The PMIA is an important new organism
in the PM value network - http://en.wikipedia.org/wiki/Value_network

Note: The (first?) Asia/Pacific PM event is in Hong Kong next month --
http://kmblogs.com/public/item/186587
<http://kmblogs.com/public/item/186587>

Cordially,

-j

http://kmblogs.com/public/blog/105430

From: Prediction-Markets@googlegroups.com
[mailto:Prediction-Markets@googlegroups.com] On Behalf Of Emile
Servan-Schreiber
Sent: Monday, October 22, 2007 12:52 AM
To: Prediction-Markets@googlegroups.com
Subject: Prediction Market Industry Association is born

On behalf of the board, I'm delighted to officially announce the creation of
the Prediction Market Industry Association (PMIA - www.pmindustry.org). It
is something we, as a community, had started discussing almost two years ago
already, and as we got together in London earlier this month for the PM
Summit, it seemed that the time had come to get together, get organized, and
get moving. So here it is:

PREDICTION MARKET INDUSTRY ASSOCIATION IS BORN

Industry and thought leaders join forces to help promote and grow the field
of prediction markets.

London (Oct 22 2007) - The recent Prediction Market Summit held in London,
UK, concluded with the creation of an international industry association
tasked with promoting awareness, education and validation for the rapidly
growing field.

Participants at the summit reflected the rich international and dynamic
texture of the field, including veteran industry leaders such as Hollywood
Stock Exchange (US), Intrade (IRL), NewsFutures (US), and Pro:kons (AU), as
well as newer entrants such as Gexid (DE), Mercury (UK), Nosco (DK) and
Xpree (US). Also present were many members of the international academic
community from institutions in the UK, Scandinavia, Germany, Ireland, and
Japan, as well as representatives of Schlumberger, Microsoft, Nokia and
other companies using or considering the use of prediction markets in the
operation of their business.

The Prediction Market Industry Association ("PMIA") will focus on
initiatives that can benefit all stake-holders while not hampering the
healthy competition and rapid innovation that characterizes the field.
Concretely, its first priorities are to:

1) Create a central, standardized registry of available prediction stocks
and contracts from different prediction markets. This open central resource
will help demonstrate the wide coverage of available predictions, facilitate
search, and make prediction market data more easily available to
researchers, the media, and the public at large. Participation will be
entirely voluntary, and the program will leave each publisher in complete
control of the commercial terms for accessing its data.

2) Offer a directory of its members, a library of core readings, and other
such resources enabling newcomers to quickly learn about the field and find
their way among the various worldwide offerings.

3) Provide a consensual venue for sharing industry-relevant information and
announcements, and organize regular meetings of the industry to discuss
common opportunities.

4) Lobby for a clear legal and regulatory environment conducive to the
productive adoption of prediction mark