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 Institute (which has on its payroll Paul Wolfowitz, the bright masterminder of the Iraq war).
Chris F. Masse July 2nd, 2008
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THE MIDAS ORACLE TAKES:
- COMMENTS TO THE CFTC: What to expect from Tom W. Bell and Jason Ruspini
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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. Here are the comments sent to the CFTC.
- The Arnold & Porter lawyer’s take. — (PDF file)
- The Schulte, Roth & Zabel lawyers’ take. — (PDF file)
- The Sullivan & Cromwell lawyers’ take. — (PDF file)
- Michael Giberson’s economic take.
- Chris Hibbert’s libertarian take.
- Tom W. Bell’s libertarian take.
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COMMENTS TO THE CFTC
- This week, two prediction market organizations and one VIP will submit their comment to the CFTC.
- What Vernon Smith told the CFTC. — (PDF file)
- Jed Christiansen’s pragmatic take. — Final draft - (PDF file)
- The International Swaps and Derivatives Association’s comment to the CFTC — (ISDA) — (PDF file)
- Jason Ruspini’s comment to the CFTC — (PDF file)
- A young economist rebuts the American Enterprise Institute. — (MO mirror) — Comment to the CFTC - (PDF file)
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APPENDIX:
Paul Wolfowitz’s profile at the American Enterprise Institute
- How the neo-cons drove the United States of America into the unecessary Iraq war
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- Analysis (Industry) , Regulations
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