In the for-profit vs not-for-profit debate, our prediction market luminaries, doctored by Bob, are on the wrong side of the issue.

Chris F. Masse June 20th, 2008

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In the American Enterprise Institute’s proposals to legalize the real-money prediction markets in the United States of America, they advise the CFTC not to allow for-profit prediction market companies (like InTrade, TradeSports and BetFair) to operate socially valuable prediction markets —in a legal way, in the US.

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It’s a shame that our prediction market luminaries signed that piece of ****.

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Previously: CALL TO ACTION: Let’s fight so that the CFTC allows the FOR-PROFIT prediction exchanges to deal with “event markets”.

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21 Responses to “In the for-profit vs not-for-profit debate, our prediction market luminaries, doctored by Bob, are on the wrong side of the issue.”

  1. # WEB EXCLUSIVE: How the US prediction market scene will look like after the CFTC ruling on “event markets” | Midas Oracle .ORGon 20 Jun 2008 at 4:23 am

    [...] UPDATE: In the for-profit vs not-for profit debate, our prediction market luminaries, doctored by Bob, are o…. [...]

  2. # Will the CFTC allow FOR-PROFIT prediction exchanges to deal with “event markets”? | Midas Oracle .ORGon 20 Jun 2008 at 5:14 am

    [...] UPDATE: In the for-profit vs not-for-profit debate, our prediction market luminaries, doctored by Bob, are o…. [...]

  3. # Our prediction market luminaries signed Bob’s petition —and the losers are InTrade, TradeSports and BetFair. | Midas Oracle .ORGon 20 Jun 2008 at 5:19 am

    [...] UPDATE: In the for-profit vs not-for profit debate, our prediction market luminaries, doctored by Bob, are o…. [...]

  4. # CALL TO ACTION: Let’s fight so that the CFTC allows the FOR-PROFIT prediction exchanges to deal with “event markets”. | Midas Oracle .ORGon 20 Jun 2008 at 3:26 pm

    [...] UPDATE: In the for-profit vs not-for-profit debate, our prediction market luminaries, doctored by Bob, are o…. [...]

  5. # The CFTC is going to close the comments in 16 days. We have 16 days left to convince the CFTC to accept FOR-PROFIT prediction exchanges, and counter the evil petition organized by the American Enterprise Institute (which has on its payroll Paul Wolfowitz,on 21 Jun 2008 at 5:04 pm

    [...] - In the for-profit vs not-for-profit debate, our prediction market luminaries, doctored by Bob, are o…. [...]

  6. # The CFTC is going to close the comments in 15 days. We have 15 days left to convince the CFTC to accept FOR-PROFIT prediction exchanges, and counter the evil petition organized by the American Enterprise Institute (which has on its payroll Paul Wolfowitz,on 22 Jun 2008 at 2:41 am

    [...] - In the for-profit vs not-for-profit debate, our prediction market luminaries, doctored by Bob, are o…. [...]

  7. # The CFTC is going to close the comments in 14 days. We have 14 days left to convince the CFTC to accept FOR-PROFIT prediction exchanges, and counter the evil petition organized by the American Enterprise Institute (which has on its payroll Paul Wolfowitz,on 23 Jun 2008 at 4:08 am

    [...] - In the for-profit vs not-for-profit debate, our prediction market luminaries, doctored by Bob, are o…. [...]

  8. # The CFTC is going to close the comments in 13 days. We have 13 days left to convince the CFTC to accept FOR-PROFIT prediction exchanges, and counter the evil petition organized by the American Enterprise Institute (which has on its payroll Paul Wolfowitz,on 24 Jun 2008 at 5:36 am

    [...] - In the for-profit vs not-for-profit debate, our prediction market luminaries, doctored by Bob, are o…. [...]

  9. # The CFTC is going to close the comments in 12 days. We have 12 days left to convince the CFTC to accept FOR-PROFIT prediction exchanges, and counter the evil petition organized by the American Enterprise Institute (which has on its payroll Paul Wolfowitz,on 25 Jun 2008 at 4:53 am

    [...] - In the for-profit vs not-for-profit debate, our prediction market luminaries, doctored by Bob, are o…. [...]

  10. # Jason Ruspini will answer SOME of these CFTC questions. — 12 days left, Jason. | Midas Oracle .ORGon 25 Jun 2008 at 11:59 am

    [...] - In the for-profit vs not-for-profit debate, our prediction market luminaries, doctored by Bob, are o…. [...]

  11. # The definitive proof that FOR-PROFIT prediction exchanges (like BetFair and InTrade) are the best organizers of socially valuable prediction markets (like those on global warming and climate change). | Midas Oracle .ORGon 25 Jun 2008 at 4:27 pm

    [...] proposals (which would outlaw the for-profit prediction exchanges) are out of whack? I do. Let’s do [...]

  12. # COMMENTS TO THE CFTC: What to expect from Tom W. Bell and Jason Ruspini | Midas Oracle .ORGon 25 Jun 2008 at 8:12 pm

    [...] of the great leaders of the field of prediction markets. Let’s wish for that. Our field needs courageous men (and women) with the right political compass and the sense of [...]

  13. # The CFTC is going to close the comments in 11 days. We have 11 days left to convince the CFTC to accept FOR-PROFIT prediction exchanges, and counter the evil petition organized by the American Enterprise Institute (which has on its payroll Paul Wolfowitz,on 26 Jun 2008 at 4:04 am

    [...] - In the for-profit vs not-for-profit debate, our prediction market luminaries, doctored by Bob, are o…. [...]

  14. # CFTC’s Concept Release on the Appropriate Regulatory Treatment of Event Contracts | Midas Oracle .ORGon 26 Jun 2008 at 11:10 am

    [...] - In the for-profit vs not-for-profit debate, our prediction market luminaries, doctored by Bob, are o…. [...]

  15. # WEB EXCLUSIVE: What Vernon Smith told the CFTC about the social utility of the event derivative markets —the so-called “prediction markets” | Midas Oracle .ORGon 26 Jun 2008 at 11:11 am

    [...] - In the for-profit vs not-for-profit debate, our prediction market luminaries, doctored by Bob, are o…. [...]

  16. # The American Enterprise Institute’s proposals to legalize real-money prediction markets in the United States of America | Midas Oracle .ORGon 26 Jun 2008 at 11:13 am

    [...] - In the for-profit vs not-for-profit debate, our prediction market luminaries, doctored by Bob, are o…. [...]

  17. # The CFTC is going to close the comments in 10 days. We have 10 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 Ion 27 Jun 2008 at 3:54 am

    [...] - In the for-profit vs not-for-profit debate, our prediction market luminaries, doctored by Bob, are o…. [...]

  18. # 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 Inson 28 Jun 2008 at 6:40 am

    [...] - In the for-profit vs not-for-profit debate, our prediction market luminaries, doctored by Bob, are o…. [...]

  19. # The CFTC is going to close the comments in 8 days. We have 8 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 Inson 29 Jun 2008 at 5:37 am

    [...] - In the for-profit vs not-for-profit debate, our prediction market luminaries, doctored by Bob, are o…. [...]

  20. # The CFTC is going to close the comments in 7 days. We have 7 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 Inson 30 Jun 2008 at 3:54 am

    [...] - In the for-profit vs not-for-profit debate, our prediction market luminaries, doctored by Bob, are o…. [...]

  21. # The CFTC is going to close the comments in 5 days. We have 5 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 Inson 02 Jul 2008 at 9:16 pm

    [...] - In the for-profit vs not-for-profit debate, our prediction market luminaries, doctored by Bob, are o…. [...]

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