Markets in everything

by on April 18, 2007 at 2:57 pm in Sports | Permalink

Wall Street is about to launch a new way to trade professional athletes the way you trade stocks.  A piece of Tiger, anyone?

Here is further information.

steveintheknow April 18, 2007 at 3:07 pm

I wish I had purchased some Roger Federer in 2002. Damn.

Dave K April 18, 2007 at 4:37 pm

I’ve been using ProTrade for a couple months now. Star players tend to be horribly over inflated especially in baseball right now since players haven’t “earned” much yet. Much of this likely has to do with the fact that there isn’t any real money involved. A market in athletes seems to be just another form of gambling on sports.

The anecdotal evidence that athletes perform worse after landing a new contract and perform better in a contract year, is just that…anecdotal. Baseball Prospectus has done quite a bit of work into the myth that players perform better in a contract year.

AZ April 18, 2007 at 10:50 pm

Kevin:

I think you’ve gotten something confused (not that it’s that hard – the initial link seems a little jumbled) – that mention of athlete’s future income being involved is for an earlier patent, not for Protrade. I don’t think the players are giving up any of their future income or are in any way associated with it other than that their names are being used and there are some prizes (autographed footballs and such). Basically this looks like a fantasy league with multiple shares of athletes rather than a single share of the athlete and with actual prices to trade the shares rather than having to rely on the whole double coincidence of wants thing to trade “shares” (players).

Trieu Truong April 19, 2007 at 2:31 am

The Michael Lewis piece is a complete mess. The editing in that article couldn’t have involved much more than an automated spell-check.

ProTrade has been around for a little while now. It’s not clear to me how “Wall Street” was or will be involved in “launching” the site.

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