Tag Archives: 202.418.5521

What InTrade CEO John Delaney told the CFTC about “event markets” (prediction markets)

Written by Chris F. Masse on July 16, 2008 — 3 Comments

John Delaney (CEO of InTrade) – (InTrade PDF file – CFTC PDF file):
July 4th 2008
The Commodity Futures Trading Commission
Three Lafayette Centre
1155 21st Street NW
Washington, DC 20581
U.S.A.
Attention: Office of the Secretariat
RE: “Concept Release on the Appropriate Regulatory Treatment of Event Contracts”
To Whom it May Concern:
It is an honour for me as Chief Executive Officer of Intrade [...]

Posted in All Best Posts Ever, Analysis (Industry), Analysis (Meta), Exchanges & Markets, Regulations | Also tagged 4th of July, ABC, Acting Chairman, American Enterprise Institute, Andy Serwer, Arthur Levitt Jr., Bank of England, Bank of Japan, Bloomberg, Brookings Joint Centre, Bush, Cato Institute, CEO, CFTC, Charles Noussair, Chicago, Chicago Tribune, Chief Executive Officer, CNN, Commodity Futures Trading Commission, Congress, David Leonhardt, David Paton, David Pennock, de facto leader, Economics Reporter, economist, energy, Eric Zitzewitz, Erik Snowberg, European Central Bank, event derivative exchanges, event derivative markets, event derivatives, evet derivatives, federal government, Federal Reserve System, Florida, Fortune, Frankfurt, general public use, George Mason University, governor, HDDVD, Important Mission, InTrade, InTrade CEO, Ireland, Ivy League College, Jason Ruspini, John Delaney, Justin Wolfers, KING, Koleman Strumpf, Lafayette Centre, laws, Leighton Vaughan-Williams, London, managing editor, Marco Ottaviani, Mark J. Perry, Mark Perry, media businesses, Michigan, naturaldisaster, New York, North Korea, Paul Tetlock, prediction exchanges, Prediction Market Limited, prediction markets, President, price discovery information, Professor, professor of economics, Ray Disc, real-money prediction markets, Regulations, Reuters, Richmond, Robert Mugabe, Robin Hanson, Saddam Hussein, Secretary, Securities and Exchange Commission, Stephen Dubner, the Financial Times, The Los Angles Times, the New York Times, The Wall Street Journal, the Washington Post, TIME MAGAZINE, Toshiba, traded bets, U.S. Department of Energy, United States, United States Navy, University of Michigan-Flint, University of Westminster Business School, US government, USD, Wall Street Journal, Walt Lukken, What InTrade, White House, Yoshiaki Arata

The CFTC is going to close the comments in 3 days. We have 3 days left to convince the CFTC to accept FOR-PROFIT prediction exchanges (e.g., InTrade USA or BetFair USA), and counter the puritan and sterile petition organized by the American Enterprise Institute (which has on its payroll Paul Wolfowitz, the bright masterminder of the Iraq war).

Written by Chris F. Masse on July 4, 2008 — Leave a Comment

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ADDRESSES: Comments should be sent to the Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st Street, NW., Washington, DC 20581, Attention: Office of the Secretariat. Comments may be sent by facsimile to 202.418.5521, or by e-mail to secretary@cftc.gov.
Reference should be made to the “Concept Release on the Appropriate Regulatory Treatment of Event Contracts.” Comments [...]

Posted in Analysis (Industry), Regulations | Also tagged 202.418.5578, American Enterprise Institute, Bruce Fekrat, CFTC, Chris Hibbert, Commodity Futures Trading Commission, D.C., Director, Division of Market Oversight, event contracts, event derivative markets, event derivatives, event markets, for-profit prediction exchanges, governor, International Swaps and Derivatives Association, Iraq, Jason Ruspini, Jed Christiansen, JONATHAN GEWIRTZ, laws, Michael Giberson, not-for-profit prediction exchanges, office, Paul Wolfowitz, Porter lawyer, prediction exchanges, prediction markets, real-money prediction markets, Regulations, Robin Hanson, Secretary, Special Counsel, The BusinessWeek, Three Lafayette Centre, Tom W. Bell, United States Of America, Vernon Smith, Washington, young economist

The CFTC is going to close the comments in 4 days. We have 4 days left to convince the CFTC to accept FOR-PROFIT prediction exchanges (e.g., InTrade USA or BetFair USA), and counter the puritan and sterile petition organized by the American Enterprise Institute (which has on its payroll Paul Wolfowitz, the bright masterminder of the Iraq war).

Written by Chris F. Masse on July 3, 2008 — 1 Comment

Posted in Analysis (Industry), Regulations | Also tagged 202.418.5578, American Enterprise Institute, Bruce Fekrat, CFTC, Chris Hibbert, Commodity Futures Trading Commission, D.C., Director, Division of Market Oversight, event contracts, event derivative markets, event derivatives, event markets, for-profit prediction exchanges, governor, International Swaps and Derivatives Association, Iraq, Jason Ruspini, Jed Christiansen, JONATHAN GEWIRTZ, laws, Michael Giberson, not-for-profit prediction exchanges, office, Paul Wolfowitz, Porter lawyer, prediction exchanges, prediction markets, Regulations, Secretary, Special Counsel, Three Lafayette Centre, Tom W. Bell, United States Of America, Vernon Smith, Washington, young economist

CFTC’s Concept Release on the Appropriate Regulatory Treatment of Event Contracts

Written by Chris F. Masse on June 17, 2008 — 24 Comments

CFTC – (PDF file):
CFTC’s Concept Release on the Appropriate Regulatory Treatment of Event Contracts
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SUMMARY:
The Commodity Futures Trading Commission (Commission or CFTC) is soliciting comment on the appropriate regulatory treatment of financial agreements offered by markets commonly referred to as event, prediction, or information markets. \1\ For ease of reference and to avoid classification issues, these [...]

Posted in All Best Posts Ever, Analysis (Industry), Analysis (Meta), Exchanges & Markets, Finance, Regulations | Also tagged 202.418.5578, AEI-Brookings Joint Center, American Enterprise Institute, bet markets, betting markets, binary options, Bruce Fekrat, by-products, Capper, catastrophe single event insurance option contracts, CFTC, Chicago Board Of Trade, commodity futures, commodity futures contracts, Commodity Futures Trading Commission, commodity options, commodity options contracts, Congress, cottonseed oil, crude oil, D.C., David A. Stawick, definitions, Director, Division of Market Oversight, Eric W. Zitzewitz, event contracts, event derivative markets, event derivatives, event futures, event markets, Explainers, futures contracts, futures markets, governor, Hal R. Varian, House Committee on Agriculture, House-Senate Conference Committee, InTrade, Iraq, Jason Ruspini, Justin Wolfers, laws, legalization, livestock products, Michael Abramowicz, Michael Gorham, natural gas, office, particular candidate for political office, particular presidential candidate, Paul C. Tetlock, Paul Wolfowitz, peanut oil, Porter, prediction markets, predictive tools, producer, real-money prediction markets, Regulations, retail customers, retail market participants, retail users, Robert W. Hahn, Secretary, Senate, Senate Committee on Agriculture and Forestry, South Carolina, soybean oil, Special Counsel, specific candidate, specific farmer, the New York Times, The University of Iowa, Three Lafayette Centre, Tom W. Bell, Trader, United States, United States Of America, University of Iowa Departments of Accounting and Economics, University's College of Business Administration, USD, Valencia, Vernon Smith, Washington, West Coast, young economist

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What InTrade CEO John Delaney told the CFTC about “event markets” (prediction markets)

CFTC’s Concept Release on the Appropriate Regulatory Treatment of Event Contracts

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