“In its upcoming proceedings, therefore, the CFTC should exempt prediction markets from regulations that would prevent them from flourishing, like requiring that such shares be traded on designated commodity exchanges.”

… wrote that academic guy in the Wall Street Journal. But he doesn’t mention that HedgeStreet and the Chicago Mercantile Exchange (and the CBOT) are all for the “excluded commodities” and the “Designated Contract Makers” way.

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Honesty and fairness, when writing in a prestigious publication, would dictate that you mention your opponents’ opinions.

Academia = Ivory Tower.

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Will the Wall Street Journal give the same airtime to HedgeStreet and the CME Group?

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