Bet2Give

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] It attracted some attention for featuring a bet on the Boeing 787 schedule slipping past the announced date.[3][4][5][6]

The company attracted some praise,[7] 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."[8]

References
  1. Emile Servan-Schreiber; Justin Wolfers; David M. Pennock; Brian Galebach (2004). "Prediction Markets: Does Money Matter?". Electronic Markets. 14 (3): 243–251. doi:10.1080/1019678042000245254.
  2. See e.g., Michael Miller (January 14, 2008). "Internet start-up has users betting for charity". Press of Atlantic City. Archived from the original on February 3, 2016.
  3. "How to bet on the 787's arrival". Seattle Times. September 30, 2007.
  4. Victoria Axelrod; Jenny Ambrozek (March 2008). "Co-creating an organisation's future" (PDF). Inside Knowledge Magazine.
  5. Paul Stuart (February 2008). "The Prediction Addiction". Ranch & Coast. Archived from the original on 2012-09-11.
  6. "Have a bet on Boeing's 787 arrival". News Corp. October 3, 2007.
  7. Cord Blomquist (October 1, 2007). "Prediction Markets: Some assorted news". Marginal Revolution.
  8. Lauren Foster (April 19, 2008). "Non-profits place a bet on prediction markets". Financial Times.
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