From time to time, I like to mention ideas I have for startups that I'm never going to get around to launching. In this particular case, it's cause it'd probably be illegal in the United States, so I don't feel qualms about suggesting someone else doing it.
It was inspired by my recent post about the gold bet, and that guy who wanted to bet anyone $1 million that gold would hit $1650 by the year 2011. Obviously, even if I wanted to take the bet, I don't have $1 million lying around to do something like that.
But it would be fun if rich loudmouths could put out $1 million bets on some event occurring, and then 10,000 or 100,000 people could play the role of counterparty, collectively.
So, for example, someone like Mark Cuban could offer $1 million that HDTV doesn't hit %xy penetration on the web by the year 20xy. It'd be fun for him, cause he could put his money where his mouth was and get a lot of attention, and it'd be cool for his fans and haters, who would probably love to bet Mark Cuban on something. The company hosting the bet could just take a small vig either way, natch.
Anyway, in the US, this would probably fall squarely into the realm of illegal gambling website. But in Europe, where they're more broadminded about such things, it'd be a big hit, no? So someone start this, and then fly me over as an occasional consultant. Please.