Why did Chris Masse opted for the “excluded commodities” and the DCMs way, since we know that stringent CFTC regulations can kill our lite, real-money prediction markets?

My first argument is to value hedging, its role in the economy, and its function as a booster for the derivative exchanges (including event derivative exchanges). My second argument is to say that it’s up to the CFTC to lower the regulatory costs, again, as they did a first time for HedgeStreet (the first non-intermediated derivative exchange) in 2004. I understand that my argumentation is special, and some of you might think that I have a screw lose. That’s a fair criticism. That’s OK —I can take it.

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My 2 comments to the CFTC:

- My first comment;

- My second comment.

I’ll probably end up in the group of losers, after the CFTC will have ruled.

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Jason Ruspini has, of course, a much more elaborated view, and you might refer to his comment to the CFTC —for a more vertical argumentation.

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But I also support Tom W. Bell’s argumentation, because, obviously, his argumentation has value. (Other people have interesting takes, too.)

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Speaking of Tom W. Bell, take a look at his series of comments responding to Jason Ruspini’s critiques.

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