Posted by Willy Franzen on January 20, 2010. Jobs updated daily.
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Rarely do we feature companies that aren’t at least partially US based, but sometimes there are companies so interesting or relevant that I have to share them with you even though it would require a serious move (and probably some visa acrobatics) for you to land a job with them. Today we’re going to look at Ireland’s Intrade, a company that runs prediction markets. I originally learned about Intrade from Freakonomics
Some would claim that Intrade and other prediction markets are outright gambling, but I think there’s more to it than that. First of all, the information provided by Intrade can be extremely valuable. Secondly, it can provide a great hedging tool. Imagine that you owned a lot of stock in a health insurance company and were nervous about the ramifications of yesterday’s election on healthcare reform. You could have purchased contracts to moderate your risk. Then again, you can also buy contracts on whether you think Tiger Woods will play in a PGA event before April 30th (right now it’s 70% likely that it will happen) or whether Avatar will become the highest grossing film of all time domestically (90%). Those seem a bit frivolous, but it’s interesting to see the predictive capacity of these types of markets. You can even buy contracts on future tax rates. Economists love Intrade, and so do I. I think that prediction markets will play a bigger role in our life in the future, and if that happens, it’s going to be very good for Intrade (can I buy a contract on that?)—they charge fees on trades. Intrade doesn’t have any specific job openings, but their Jobs page does say that they are “always interested in meeting talented people with an interest in prediction markets.” If that’s you, send a cover letter and résumé to recruitment@intrade.com.
Links to Help You Begin Your Research
Have you ever purchased a contract on Intrade?
We've identified Intrade as having career opportunities in the following categories:
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Entry Level Jobs With Intrade…
Rarely do we feature companies that aren’t at least partially US based, but sometimes there are companies so interesting or relevant that I have to share them with you even though it would require a serious move (and probably some……