“Since 2005, the Commission’s staff has received a substantial number of requests for guidance on the propriety of offering and trading financial agreements that may primarily function as information aggregation vehicles.”
Chris F. Masse June 18th, 2008
“Since 2005″…
Interesting…
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2003: Robin Hanson’s PAM ends up on newspaper frontpages… - [That's when I got started in prediction markets.]
2004: James Surowiecki launches “The Wisdom Of Crowds”…
2004: InTrade-TradeSports popularize “Bush Re-Election” prediction markets…
2005: Wannabe prediction market entrepreneurs begin to question the CFTC about the regulation of real-money prediction markets…
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What I find interesting here is the time lag… It took a while, it seems…
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More info about prediction market history…
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- Analysis (Industry) , History , Inventions & Innovations
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