NOT-FOR-PROFIT… or… FOR-PROFIT… That is the question.

Chris F. Masse June 20th, 2008

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The dilemma goes like this:

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  1. If the CFTC allows for-profit prediction exchanges –> that’s a good step forward (even though sports are excluded from the legal offerings);
  2. If the CFTC allows only not-for-profit prediction exchanges –> that’s a micro step forward (but still positive in the eyes of many).

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BACKGROUND INFO:

CFTC’s Concept Release on the Appropriate Regulatory Treatment of Event Contracts… notably how they define “event markets”, how they are going to extend their “exemption” to other IEM-like prediction exchanges, and how they framed their questions to the public.

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

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3 Responses to “NOT-FOR-PROFIT… or… FOR-PROFIT… That is the question.”

  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 4:08 am

    [...] UPDATE: NOT-FOR PROFIT… or… FOR-PROFIT… That is the question. [...]

  2. # Will the CFTC allow FOR-PROFIT prediction exchanges to deal with “event markets”? | Midas Oracle .ORGon 20 Jun 2008 at 4:19 am

    [...] UPDATE: NOT-FOR PROFIT… or… FOR-PROFIT… That is the question. [...]

  3. # 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 5:13 am

    [...] Site Map Will the CFTC allow FOR-PROFIT prediction exchanges to deal with “event markets”? NOT-FOR-PROFIT… or… FOR-PROFIT… That is the question. [...]

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