I know that some of you are going to be disappointed with this post, but we've come to the very difficult conclusion that we are going to have to restrict further the number of indices allowed within the Business Category.
This is because of the following:
1. In some of the less popular indices, it is far too easy to make huge amounts of profit.
2. Hubdub's users are predominantly from the US, and being in that timezone are unable to follow most of the markets in Europe and Asia. When we begin gaining more users from around the globe, this would change.
3. And finally, Andrew, our Business Category Editor, is leaving for a better paid job (not hard to find!) next month and frankly, having to settle markets in the rapid way expected for the indices questions is proving difficult. If the number of indices is restricted, the manageability of the category becomes easier. Obviously when Super User settlement is in place, this would also change.
So, with this in mind, we've decided we need to temporarily restrict the questions allowed to those concerning only the Dow and the Nasdaq. No questions would be permitted on any other index until further notice.
I'm guessing you're all going to have something to say about this decision, but if you can come up with a better solution to the problems as outlined above, I'd love to hear it.
Recently markets like the DJIA Poker ones have been appearing in the business category. Over the last couple of days I have voided these as well as other "numbers" markets such as "what will be the 10's digit in the DJIA at close?".
While they were voided on the basis of not being news worthy, they are clearly proving to be popular and some users have raised the fact that they really like that type of market. Therefore we have decided to allow these markets to run, but they will be in the Hubdub category rather than the business category. Obviously standard indices markets will remain in business but questions like DJIA poker will be put in Hubdub so please create them there.