I had to chuckle when I read the following on Bloomberg yesterday: Paddy Power Plc said it was left “red-faced” after paying out early to gamblers who incorrectly bet that Greek voters would back an austerity referendum. Ireland’s biggest bookmaker “paid out five figures” in winnings on July 1, days before Greece rejected further austerity, with a larger-than-forecast 61 percent of the vote for the “no” campaign. - Paddy Power Left ‘Red Faced’ After Early Payout on Greek Vote The delicious irony of a prediction market making an early payment on an incorrect prediction of a political referendum was simply too ... (full story)