Business/Financial
Sportingbet Trading in Line Since First Quarter
LONDON, Dec 12 (Reuters) - Online sports betting company Sportingbet (SBT.L: Quote,
Hamdemonium Betting This Christmas Time?
It sounds like a storyline from the movie "Aporkalypse Now' as hamdemonium continues to spread across the Irish food industry.
Bookie Offers Odds on Aer Lingus Ryanair Shares
The odds of the Irish government selling its shares in flagship carrier, Aer Lingus, to one of Europe's biggest low fare airlines, Ryanair, were set at 5-2 at
Gamblers Go Heavy On Dow Closing Much Higher Following Citi Group News
Gamblers at online prediction market intrade.com were betting heavily that the Dow would close more than 25 points higher than Friday's close following news th
Downey Bank Finally Goes Down For The Count: Who’s Next?
So far the online prediction markets have been fairly accurate in their offering related to the next bank closure.
Think AIG is Bad? HBOS Bank Execs Caught in Sordid Drug Fueled Orgy
American is outraged these days by the antics of AIG Insurance, accused of spending parts of their government bailout on expensive junkets and God only knows what else. But compared with the exec
Las Vegas Sands Plunges on Default, Bankruptcy Risk
Nov. 6 (Bloomberg) -- Las Vegas Sands Corp., billionaire Sheldon Adelson's casino company, plunged in New York trading after saying it may default on debt and face bankruptcy.
The casino owner, which had $8.8 billion in long-term debt at the end of June, said in a regulatory filing today that it probably won't meet the requirements of some loans unless it cuts spending on development projects, boosts earnings at its Las Vegas Strip casinos and raises more capital.
Ron Paul On The Economy And Why The Bailout Was Bad Idea
Gambling911.com Senior Correspondent, Jenny Woo, had a chance to sit down with Republican Congressman, Ron Paul, to discuss his efforts in trying to legalize online gambling. But Dr.
Australia Bookies Not Hurt Yet By Sagging Economy
THE global economic crisis is not preventing Australian punters from having a flutter on the country's biggest horse race, the Melbourne Cup, according to bookmakers who spoke with the Australian n
The Bet That Blew Up Wall Street
(CBS) The world's financial system teetered on the edge again last week, and anyone with more than a passing interest in their shrinking 401(k) knows it's because of a global credit crisis.
Financial Gamblers Torn Between DOW Close on Thursday
Slightly more than half of those betting at the online financial prediction market, intrade.com say the DOW will close lower than it did on Wednesday.
Wall Street Out of Coma: Main Street Paralyzed?
Despite Monday morning's slight return of confidence in the financial markets Intrade's Prediction Markets indicate the damage has been done and the U.S. economy is heading towards recession.
Intrade's prediction markets for macroeconomic indicators are currently showing the U.S. is likely to enter a recession before the end of 2009. The only question is when? And could there actually be a depression?
First Country to Pull Out of the Euro in Next 12 Month
The economy around the world is so bad that the folks from Paddy Power have begun offering bets on the meltdown.
Prediction Market Gamblers Believe DOW Will Close Lower on Friday
With the Asian markets crashing early on, gamblers at www.intrade.com have been betting at a 60 percent clip or better that the DOW will close down by 2
Sheriff Thomas J. Dart Deserves a Medal: Obama Has Chance to Make Difference
Sheriff Thomas J.
Prediction Market Says Dow to Closer Higher Than on Tuesday
Can things get much worse on Wall Street? Let's hope not.
All Eyes on National City Bank Among Prediction Market Bettors
With Wachovia now sold to Citibank and then to Wells Fargo and maybe again to Citibank last week in the never ending drama centering around US banking turmoil, attention is now shifting to the next
Prediction Market Gamblers Lose on Wachovia Bet
In the end, over 75 percent of the betting action was going Wachovia's way to fail by December 31, 2008 at online prediction market intrade.com.
Wachovia Bank Under Watchful Eye of Prediction Markets
Wachovia Bank suitors are reportedly waiting for a US Government seizure so that they can buy up the best assets and let the government sort out the rest,
Washington Mutual Finally Fails: Prediction Markets Right
It took a while but the bank atop online prediction market intrade.com most likely to fail, Washington Mutual, finally did.
Prediction Market Traders Optimistic Following Bush Bailout Speech
The DOW closing higher Thursday than the previous day had a 62 percent chance of occurring overnight with minimal betting volume taking place at intrade.com
US Government to Approve Financial Bailout at 80 Percent Say Bookies
The online prediction market intrade.com listed the US Congress to approve a government bailout of banks on/before 30 Sep 2008 with an 80 percent chance
Paulsen Bailout Plan Highlighted: No Court Review
The Legislative Proposal for Treasury Authority to Purchase Mortgage-Related Assets has been disclosed. Pay special note to Sec. 8. Review below.
(a) Authority to Purchase.--The Secretary is authorized to purchase, and to make and fund commitments to purchase, on such terms and conditions as determined by the Secretary, mortgage-related assets from any financial institution having its headquarters in the United States.
Washington Mutual Still High on Radar of Bank Failure Prediction Markets
Washington Mutual Inc.
Goldman Sachs and Morgan Stanley to Become Holding Banks
WASHINGTON (Associated Press) - The Federal Reserve said Sunday it had granted a request by the country's last two major investment banks - Goldman Sachs and Morgan Stanley - to change their stat
Betting on Stocks Still Available…. Just Not From SEC
The Securities and Exchange Commission early Friday imposed a temporary emergency ban on short-selling of financial company stocks, a trading method that bets the stocks will go down.
Short Selling Banned in London: New York Next
Financial regulators in the U.S. and U.K., attorneys general in New York, Texas and Connecticut, and the three largest U.S.
Some Around Vegas Panic In Wake of Nevada Bank Closure, Market Meltdown
Southern Nevadans are panicking and considering extraordinary steps to avoid losing more money in the stock market, real estate and even bank savings accounts, one local banker told the
Washington Mutual Heading for Sale According to Reports
Ailing bank Washington Mutual Inc.
DOW to Close by 50 points or More on Previous Day Say Gamblers
65 percent of gamblers Wednesday morning believed that the DOW would close by 50 points or more from Tuesday's close according to the intrade.com predic
