Pretty bold claims from Middleton, but I have tried it and it works, at least in a beta phase, not vapor phase or proof of concept phase, but beta phase. You can trade all tickers that Cypherdoc mentions on here.
I still don't understand how the tickers are fed into veritaseum to settle the bets. Can you explain that?
Saying "it works" without understanding how it works is short-sighted.
Twice or thrice I tried to find technical documentation (wading through all the promotional crap) and was stifled, so
I assumed it is centralized bullshit.
That's my assumption, too... until it's explained how it works and it works in a way I can trust (which I doubt, but I've been wrong before).
If it's Reggie typing in 50000 tickers every hour then there might be no "counterparty risk", but there's plenty of other risk.
EDIT: I PMed him, maybe he'll show up here and explain. If not, it hardens my assumption.