Comments on: Barney Frank is going to try again to free Internet betting and gambling in the U.S. http://www.midasoracle.org/2009/02/05/barney-frank-is-going-to-try-again-to-free-internet-betting-and-gambling-in-the-us/ Prediction Markets, etc. Thu, 02 Feb 2012 23:13:18 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Jason Ruspini http://www.midasoracle.org/2009/02/05/barney-frank-is-going-to-try-again-to-free-internet-betting-and-gambling-in-the-us/#comment-23351 Jason Ruspini Sun, 15 Feb 2009 15:40:58 +0000 http://www.midasoracle.org/?p=12813#comment-23351 CME/CBOT would count then: fed funds futures, nonfarm payroll, weather. No sports. Clearly sports will help any retail betting exchange though. CME/CBOT would count then: fed funds futures, nonfarm payroll, weather. No sports. Clearly sports will help any retail betting exchange though.

]]> By: Chris F. Masse http://www.midasoracle.org/2009/02/05/barney-frank-is-going-to-try-again-to-free-internet-betting-and-gambling-in-the-us/#comment-23343 Chris F. Masse Sat, 14 Feb 2009 20:33:16 +0000 http://www.midasoracle.org/?p=12813#comment-23343 "your very narrow definition of prediction exchange" ???? - Any exchange that organizes trades of event derivatives. Any. “your very narrow definition of prediction exchange” ????
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Any exchange that organizes trades of event derivatives.
Any.

]]> By: Jason Ruspini http://www.midasoracle.org/2009/02/05/barney-frank-is-going-to-try-again-to-free-internet-betting-and-gambling-in-the-us/#comment-23342 Jason Ruspini Sat, 14 Feb 2009 18:16:33 +0000 http://www.midasoracle.org/?p=12813#comment-23342 For one thing Hedgestreet and Tradefair had crap contracts! Assuming your very narrow definition of prediction exchange, it is true that there are no large Intrade-style exchanges targeting countries without legal barriers. If the CFTC does not get further involved with event futures, that may be the case for some time.. We'll see. For one thing Hedgestreet and Tradefair had crap contracts!

Assuming your very narrow definition of prediction exchange, it is true that there are no large Intrade-style exchanges targeting countries without legal barriers. If the CFTC does not get further involved with event futures, that may be the case for some time.. We’ll see.

]]> By: Medemi http://www.midasoracle.org/2009/02/05/barney-frank-is-going-to-try-again-to-free-internet-betting-and-gambling-in-the-us/#comment-23311 Medemi Fri, 06 Feb 2009 17:01:52 +0000 http://www.midasoracle.org/?p=12813#comment-23311 I can't do it for you, and I don't know anyone who can. :-) It seems we have a mighty barrier between continents. I can’t do it for you, and I don’t know anyone who can. :-)
It seems we have a mighty barrier between continents.

]]> By: Chris F. Masse http://www.midasoracle.org/2009/02/05/barney-frank-is-going-to-try-again-to-free-internet-betting-and-gambling-in-the-us/#comment-23309 Chris F. Masse Fri, 06 Feb 2009 15:43:21 +0000 http://www.midasoracle.org/?p=12813#comment-23309 Medemi, I will not advertise Midas Oracle on the BetFair forum. Medemi, I will not advertise Midas Oracle on the BetFair forum.

]]> By: Medemi http://www.midasoracle.org/2009/02/05/barney-frank-is-going-to-try-again-to-free-internet-betting-and-gambling-in-the-us/#comment-23307 Medemi Fri, 06 Feb 2009 08:32:34 +0000 http://www.midasoracle.org/?p=12813#comment-23307 You're not getting to the heart of this matter. Chris, why not go to the betfair general betting forum and send people an invitation to come here and reflect on the future of prediction markets? We (you) need to hear them out. Tell them to get their butt over here, tell them I said so. You’re not getting to the heart of this matter.

Chris, why not go to the betfair general betting forum and send people an invitation to come here and reflect on the future of prediction markets? We (you) need to hear them out.

Tell them to get their butt over here, tell them I said so.

]]> By: Chris F. Masse http://www.midasoracle.org/2009/02/05/barney-frank-is-going-to-try-again-to-free-internet-betting-and-gambling-in-the-us/#comment-23306 Chris F. Masse Fri, 06 Feb 2009 07:02:26 +0000 http://www.midasoracle.org/?p=12813#comment-23306 Without sports, a prediction exchange is not successful, mister Ruspini. See HedgeStreet and TradeFair, which are not successful at this time (I wish them the very best for the future). Without sports, a prediction exchange is not successful, mister Ruspini.
See HedgeStreet and TradeFair, which are not successful at this time (I wish them the very best for the future).

]]> By: Jason Ruspini http://www.midasoracle.org/2009/02/05/barney-frank-is-going-to-try-again-to-free-internet-betting-and-gambling-in-the-us/#comment-23305 Jason Ruspini Thu, 05 Feb 2009 23:11:45 +0000 http://www.midasoracle.org/?p=12813#comment-23305 Obviously I favored lifting these prohibitions, but that doesn't answer all regulatory questions pertaining to exchanges, or necessarily get around State laws and the Wire Act -- which CFTC regulation would. The main reason you were cool on CFTC regulation was that they wouldn't allow sports betting, which I was willing to sacrifice because I wasn't really concerned with sports gambling or Betfair. Let's see how the bill shapes up. This is encouraging.. good for my friend Jason Trost too. Obviously I favored lifting these prohibitions, but that doesn’t answer all regulatory questions pertaining to exchanges, or necessarily get around State laws and the Wire Act — which CFTC regulation would. The main reason you were cool on CFTC regulation was that they wouldn’t allow sports betting, which I was willing to sacrifice because I wasn’t really concerned with sports gambling or Betfair.

Let’s see how the bill shapes up. This is encouraging.. good for my friend Jason Trost too.

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