Idea Province

I have more ideas than I'll ever use: ideas for movies, inventions, utopias, T-shirts, businesses, and more. I could hoard them, but what would be the point? If you have ideas that you're squandering, send them to me - Rhys Southan - at mrsouth (-at-) gmail (-dot-) com. I'll post them for the world to take... if the world has any use for them.

April 8, 2008

Class Action Betting

Over at The Stalwart, Joseph Weisenthal came up with a way for rich people and poor people to make a little wager together:

It would be fun if rich loudmouths could put out $1 million bets on some event occurring, and then 10,000 or 100,000 people could play the role of counter-party, collectively.

So, for example, someone like Mark Cuban could offer $1 million that HDTV doesn’t hit %xy penetration on the web by the year 20xy. It’d be fun for him, cause he could put his money where his mouth was and get a lot of attention, and it’d be cool for his fans and haters, who would probably love to bet Mark Cuban on something. The company hosting the bet could just take a small vig either way, natch.

3 years ago

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