Harvard Nobel Prediction Market

Ran Shorrer asks me to post the following announcement:

It's that time of the year again!

The recipients of the Nobel Memorial Prize in Economics will be announced soon, which means there's little time left for you to place your bets in the Harvard Nobel Prediction Market! Put your economics training to the test and see if your predictions can bring you fame and riches. Previous participants have walked away with sizable winnings and bragging rights.

To enter, fill out this Google Form or print and mail this paper form. Betting closes at 11:59pm EST, October 9th, 2011. Online payments should be received by the same deadline, and payments by mail must be post-marked by October 9th, 2011. Cambridge economists may also give the payment to Brenda Piquet or put the money in Daniel Pollmann's Littauer mailbox.

Submit online payments to johnczhou@gmail.com from your Amazon Payments account. To pay IN CASH, mail the printed form and the sum of your bets to

Daniel Pollmann, Littauer Center, Harvard University,
1875 Cambridge St, Cambridge MA 02138 

Check our website on Sunday, October 9th for the most popular choices, as well as for the winners soon after October 10th.

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Update

Al Roth  -  10:40 AM  -  Public

A commenter asks if this is legal--does anyone know?

Market Design: Harvard Nobel Prediction Market

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Mallesh Pai - Probably not- intrade had to move out of of the US for legality reasons- and they're the biggest prediction market I know... (I'm guessing +David Pennock will know more).

10:47 AM (edited)   

David Pennock - Not technically legal in the US, but neither are office pools. No one would ever be prosecuted for betting in this. The operator of the market might worry more, but I highly doubt something on this scale on this topic would be prosecuted. Look up betcha.com for the worst-case scenario but that was sports betting, a clear no-no.

11:02 AM