Comments on: What public interests are served by event contracts?

By: The CFTC is going to close the comments in 6 days. We have 6 days left to convince the CFTC to accept FOR-PROFIT prediction exchanges (e.g., InTrade USA or BetFair USA), and counter the puritan and sterile petition organized by the American Enterprise Ins

Tue, 01 Jul 2008 14:01:28 +0000

[...] - Michael Giberson’s economic take. [...]

By: The CFTC is going to close the comments in 9 days. We have 9 days left to convince the CFTC to accept FOR-PROFIT prediction exchanges (e.g., InTrade USA or BetFair USA), and counter the puritan and sterile petition organized by the American Enterprise Ins

Sat, 28 Jun 2008 19:51:07 +0000

[...] - Michael Giberson’s economic take. [...]

By: Prediction markets are about lowering transaction costs. That’s how sports come in. | Midas Oracle .ORG

Thu, 12 Jun 2008 20:42:17 +0000

[...] found John Blank’s letter to the CFTC (discovered by Mike Giberson) as interesting as Vernon Smith’s [...]

By: The term “event markets” sucks —and the uncritical thinkers using this crappy term suck too. | Midas Oracle .ORG

Thu, 12 Jun 2008 12:29:09 +0000

[...] Just because 2 or 3 bureaucrats at the CFTC have decided to use that term does not mean that that term makes sense. It does not. “Event derivative markets” or “prediction markets” are better terms. It’s with great displeasure that I saw own Mike Giberson (supposedly, a libertarian, and supposedly, a wannabe academic) followed the step …. [...]

By: Chris F. Masse

Chris F. Masse — Wed, 11 Jun 2008 16:49:07 +0000

Very interesting post.
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A detail.
“Event contracts” or “event markets” are stupid terms.
“Event derivative contracts” or “event derivative markets” are better, don’t you think?
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Just because the CFTC says something stupid doesn’t mean people should repeat that like parrots.