At 11:23 AM -0600 on 3/6/00, AtNewYork - Daily wrote: > Quizzes In China: PredictIt.com Launches New Start-up > > PredictIt.com partnered with Beijing based China Interactive Media Group to > establish an online prediction company called, you guessed it again, > PredictItChina. PredictIt.com will own 30 percent of the new start-up and > will receive an ongoing undisclosed licensing fee. > > > The content site, which will launch this month, will mirror its U.S. dot > com. Users who correctly answer questions in news, sports and other topics > will receive reward points. The content, however, will be filtered through > Standard International, or China Interactive Media Group, a Beijing based > media and consulting firm, for the government's stamp of approval. > > "It will be wait and see," said Andrew Merkatz, president of PredictIt.com. > "The team we've partnered with has close connections with the government. > Sports shouldn't be a problem -- China is in the Olympics." > > China Interactive Media Group is a Web site incubator that follows business > models developed in the U.S. and is a principle shareholder in the venture. -- ----------------- R. A. Hettinga <mailto: [EMAIL PROTECTED]> The Internet Bearer Underwriting Corporation <http://www.ibuc.com/> 44 Farquhar Street, Boston, MA 02131 USA "... however it may deserve respect for its usefulness and antiquity, [predicting the end of the world] has not been found agreeable to experience." -- Edward Gibbon, 'Decline and Fall of the Roman Empire'
