Tag Archives: Acting Chairman

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 202.418.5521, 4th of July, ABC, 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

CFTC Requests Public Input on Possible Regulation of “Event Contracts” —a.k.a. event derivative markets, event futures markets, betting markets, bet markets, prediction markets

Written by Chris F. Masse on May 1, 2008 — Leave a Comment

Via professor Eric Zitzewitz of Dartmouth (one of the top 5 economists studying prediction markets), the CFTC:
Release: 5493-08
For Release: May 1, 2008
CFTC Requests Public Input on Possible Regulation of “Event Contracts”
Washington, DC – The Commodity Futures Trading Commission (CFTC) is asking for public comment on the appropriate regulatory treatment of financial agreements offered by markets [...]

Posted in All Best Posts Ever, Analysis (Industry), Regulations | Also tagged bet markets, betting markets, CFTC, Commodity Futures Trading Commission, D.C., Eric Zitzewitz, event derivative markets, event derivatives, event futures markets, governor, prediction markets, Secretary, Via professor, Walt Lukken, Washington

Will HedgeStreet USA, the hypothetical InTrade USA, and the hypothetical TradeFair USA, be regulated in the future by a merged SEC+CFTC regulatory structure?

Written by Chris F. Masse on March 31, 2008 — Leave a Comment

That sounds like a good prediction market proposal.
-
As you all know:

The SEC regulates the securities markets (which support capital formation).
The CFTC regulates the futures markets (which exist to discover prices).
The SEC is rules based, meaning it sets regulations that institutions must follow, while the CFTC is principles based, in that it sets broad [...]

Posted in Analysis (Market Proposals), Exchanges & Markets, Finance, Regulations | Also tagged CFTC, CFTC Acting Chairman Walt Lukken Regarding Department, Chicago Tribune, CME Group, Commodity Futures Trading Commission, Congress, D.C., Department of the Treasury, good government solutions, hybrid products, Jason Ruspini, merger, Paulson, SEC, Secretary, Securities and Exchange Commission, The Wall Street Journal, U.S. Department, United States, US Treasury, USD, Walt Lukken, Washington

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Tag Archives: Acting Chairman

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

CFTC Requests Public Input on Possible Regulation of “Event Contracts” —a.k.a. event derivative markets, event futures markets, betting markets, bet markets, prediction markets

Will HedgeStreet USA, the hypothetical InTrade USA, and the hypothetical TradeFair USA, be regulated in the future by a merged SEC+CFTC regulatory structure?

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