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.

&#8220-Since 2005&#8243-&#8230-

Interesting&#8230-

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2003: Robin Hanson&#8217-s PAM ends up on newspaper frontpages&#8230- – [That’s when I got started in prediction markets.]

2004: James Surowiecki launches &#8220-The Wisdom Of Crowds&#8221-&#8230-

2004: InTrade-TradeSports popularize &#8220-Bush Re-Election&#8221- prediction markets&#8230-

2005: Wannabe prediction market entrepreneurs begin to question the CFTC about the regulation of real-money prediction markets&#8230-

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What I find interesting here is the time lag&#8230- It took a while, it seems&#8230-

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More info about prediction market history&#8230-

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Midas Oracle.ORG – Predictions & Innovation