Caveat Bettor and all the other American event futures traders should descend to Washington, DC.

Posted on October 25, 2007 by Chris F. Masse

Just like the Internet poker players did to make their case. Very few prediction market traders have balls, number one; and, number two, we don’t have any association (“alliance”) of traders.

About Chris F. Masse

Founder and President of Midas Oracle
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3 Responses to Caveat Bettor and all the other American event futures traders should descend to Washington, DC.

  1. Chris. F. Masse says:
    October 25, 2007 at 4:31 AM

    From the CNET news article I link to:

    The multiday lobbying visit by members of the Poker Players Alliance, which counts more than 800,000 professional and amateur players on its rolls, arrived about a year after politicians enacted a restrictive anti-Internet gambling law.

    http://www.news.com/8301-10784_3-9803894-7.html

  2. Caveat Bettor says:
    October 25, 2007 at 4:10 PM

    Some of us are too busy taking care of our families (or blogging) to qualify for special interests trying to squeeze the government for favors.

  3. Jason Ruspini says:
    October 26, 2007 at 12:52 PM

    Seems like this sort of lobbying would counter the current gambling special interests: state lotteries, casinos, horse racing, etc. The “favor” is freedom from others’ favors, no?

    Aside from the information legal markets would reveal, I believe that markets tied to elections and policy will mitigate special interest problems in general. (Although it is by no means straightforward and I have a long list of potential problems with such markets that I’ll work into a post at some point.)

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