Photo: Ezra Shaw/Getty Images
Usually when you think of an economic bet it’s on some sort of risky asset, like certain Eurozone bonds.However, there’s an entirely different type of gambling, closer to a sports bet than an investment.
We’ve put together some of our favourites from Paddy Power, one of the largest bookmakers in Europe, and Intrade, a prediction market where users can buy or sell contracts that settle at $0 (if an event does not occur) or $10, if it does.
Bookmaking is illegal in the United States, with the exception of Nevada. Intrade, however, is not a bookmaker, and exists in something of a legal grey area in the United States, where the majority of its users reside.
You can bet on everything from a Euro collapse, to future US tax rates, to the next CEO of Facebook.
Highest single filer rate to be greater than or equal to 34 per cent:
For 2012 tax year: 12 per cent chance
For 2013 tax year: 90 per cent chance
Highest single filer rate to be greater than or equal to 42 per cent:
For 2012 tax year: 15 per cent chance For 2013 tax year: 34 per cent chance From IntradeAs of 7:00 A.M. August 2nd
Gus O'Donnell (Former Cabinet Secretary): 9/4
Paul Tucker (Deputy Governor of the BOE): 5/2
Jim O'Neill, (Chairman of Goldman Sachs Asset Management): 10/3
Adair Turner, (Chairman of the Financial Services Authority): 7/2
Fred Goodwin (Former CEO of RBS): 300/1
Year end rating for Ireland:
Baa3 or higher: 9/1
Ba2 or lower: 2/1
Year end rating for the U.K.:
Aa1 or lower: 2/1
Year end rating for the U.S:
Aa1 or lower: 15/8
Gary Hoffman (NBNK CEO): 2/1
Antony Jenkins (Chief Executive of Retail And Business Banking at Barclay's): 11/4
Rich Ricci (Chief Executive of Corporate and Investment Banking at Barclay's): 11/4
Bill Winters (Former Co-CEO of JP Morgan's Investment Bank): 11/4
Naguib Kheraj (Vice Chairman at Barclay's): 3/1
Jerry Del Missier (Former Barclay's COO): 66/1