Still, Robin Hanson, an economics professor at George Mason University who has studied prediction markets, hopes [that prediction markets] grow. “Stock markets, insurance markets, commodity markets–they used to be prohibited by gambling laws but were thought to be useful and given an exception,” says [Robin] Hanson. “We want to carve out a new set of exceptions. This topic is valuable to know about. There’s a social benefit to knowing about it.“
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The Forbes news article didn’t mention the other route to legalizing InTrade, TradeSports and BetFair in the US: a new law establishing the legality of the betting exchanges.
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% chance over time
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