Bet2Give explained

Bet2Give.com was an online prediction market company started in 2007 by Émile Servan-Schreiber and Maurice Balick, as an offshoot to their NewsFutures. Bet2Give's premise was that having the winnings going automatically to a charity of the winner's choice wouldn't seriously interfere with the efficacy of the prediction market. Servan-Schreiber had conducted research a few years earlier into whether betting with "play money" reduced prediction market accuracy, with encouraging results.^[1]

The company offered typical prediction markets, such as betting on the outcomes of political races.^{[2] [3]} It attracted some attention for featuring a bet on the Boeing 787 schedule slipping past the announced date.^{[4] [5] [6] [7]}

The company attracted some praise,^[8] but also criticism, in particular for trendiness, with one commentator saying it reflected "the tendency to stick a gift to a non-profit into any other kind of financial transaction just to draw eyeballs to a site or customers to a store."^{[9] [10]}

External links

• bet2give.com - company website
• , M.S. thesis in economics, Katholieke Universiteit Leuven; analysis and performance comparison of Intrade, Iowa Electronic Markets, Betfair, Bet2Give, NewsFutures, Hubdub, the Foresight Exchange and Inkling Markets.
• An introduction of Bet2Give.com by Maria Bartiromo on CNBC's "Closing Bell"

Notes and References

1. Prediction Markets: Does Money Matter? . Emile Servan-Schreiber . Justin Wolfers . Justin Wolfers . David M. Pennock . Brian Galebach . 14 . 3 . 243–251 . . 10.1080/1019678042000245254 . 2004 .
2. See e.g., News: Internet start-up has users betting for charity . Press of Atlantic City . January 14, 2008 . Michael Miller . https://web.archive.org/web/20160203105927/https://www.highbeam.com/doc/1P3-1412341491.html . dead . February 3, 2016 .
3. Web site: Cricket prediction . 18 December 2023.
4. News: September 30, 2007 . How to bet on the 787's arrival . .
5. Co-creating an organisation's future . Victoria Axelrod . Jenny Ambrozek . Inside Knowledge Magazine . March 2008 .
6. Paul Stuart . Ranch & Coast . February 2008 . The Prediction Addiction . https://archive.today/20120911233151/http://www.ranchandcoast.net/archives/february2008/business-wealth.html . dead . 2012-09-11 .
7. Web site: Have a bet on Boeing's 787 arrival . October 3, 2007 . .
8. Web site: Marginal Revolution . Prediction Markets: Some assorted news . Cord Blomquist . October 1, 2007 .
9. News: . April 19, 2008 . Non-profits place a bet on prediction markets . Lauren Foster .
10. https://forvetbet.org Forvetbet