Eric Zitzewitz (in the November 2008 edition of The Analyst, an Indian publication for financial analysts):
I think the CFTC is likely to define a set of limits which, if followed, will subject a prediction [exchange] to CFTC regulation which will hopefully be lighter than their regulation of HedgeStreet (which essentially was so heavy-handed it killed the firm). And this help protect prediction markets from the state gambling regulators.
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Yes, but TradeSports and BetFair would be excluded from this CFTC regulation, alas. And there is no way a prediction exchange can be profitable without sports.
P.S. I was interviewed for The Analyst, too. Those Indian journalists are very nice people. After that publication, I received many friend requests on LinkedIn from Indian business people.
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