Robin Hanson teaches Chris Masse how to make a bad CFTC compromise.

Chris F. Masse May 20th, 2008

Chris, you’ve heard of Christmas I presume. Many people circulate lists of items they might like for Christmas. If you did, would you circulate a list of million franc/dollar gift ideas for people to give you? Would you consider that list more honest/logical than a list of gifts of roughly the price you think others might actually be willing to pay?

In a free society like the U.K. (and soon in the whole European Union), Internet betting is allowed. I’m not asking too much. And, in the U.S., many people like Barney Frank and the brick-and-mortar casino lobbies are talking softly about legalizing it. You could ally with them.

Bob’s CFTC proposal is not a valuable Christmas gift. It’s like giving your kid at Christmas an orange and an old, empty can of Coke, with an old string passing thru the opener, so they can play with it, in your yard. You, miser.

Tags: CFTC, event derivative markets, prediction markets, Regulations, Robin Hanson

Exchanges & Markets , Regulations
Comments(3)

3 Responses to “Robin Hanson teaches Chris Masse how to make a bad CFTC compromise.”

# Robin Hanson on 20 May 2008 at 5:59 am

So if the kid who lives in that big house on the hill got a horse last Christmas, your Christmas list this year will include a horse, and you’ll be hopping mad if you don’t get it, even though you live in a shack?
# Prediction markets = “the future of journalism” —said, from day one, Emile Servan-Schreiber of NewsFutures. Emile, if you have balls, let’s do it —all together. | Midas Oracle .ORGon 20 May 2008 at 8:31 am

[...] I have “heard of Christmas” , and I understand Robin Hanson’s reasoning. [*] That’s where my funding idea [...]
# HubDub’s Nigel Eccles is the man. | Midas Oracle .ORGon 20 May 2008 at 1:49 pm

[...] He didn’t sign Bob’s petitions. [...]