Prediction Markets + Market Predictions = Collective Forecasting That Pays Off

Tag Archives: American Enterprise Institute

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

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 [...]

Chris Masse’s second comment to the CFTC on “event markets” (prediction markets)

Chris F. Masse
Midas Oracle
cfm —— midasoracle —— com
chrisfmasse —— gmail —— com
July 6th, 2008
Commodity Futures Trading Commission
Three Lafayette Centre
1155 21st St. NW
Washington D.C. 20581
Attention:
Office of the Secretariat- secretary@cftc.gov
Reference:
Concept Release on the Appropriate Regulatory Treatment of Event Contracts
73 FR 25669
-
Just a technical note, before I give you my thoughts. In the following, I call “prediction market” [...]

Chris Masse’s first comment to the CFTC on “event markets” (prediction markets)

Chris F. Masse
Midas Oracle
cfm —– midasoracle —– com
chrisfmasse —– gmail —– com
July 6th, 2008
Commodity Futures Trading Commission
Three Lafayette Centre
1155 21st St. NW
Washington D.C. 20581
Attention:
Office of the Secretariat- secretary@cftc.gov
Reference:
Concept Release on the Appropriate Regulatory Treatment of Event Contracts
73 FR 25669
-
My name is Chris F. Masse, and I’m the publisher of CFM (a vertical portal to prediction [...]

Tom W. Bell rebuts 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).

Tom W. Bell:
The CFTC should not limit “no action” status to markets run by tax-exempt organizations. The no-action letters that the CFTC issued to the IEM emphasized not the nature of the hosting institution, the University of Iowa, but rather the business model adopted by the IEM itself. Profitability could not have mattered, as tax-exempt [...]

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).

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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 [...]

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).

-
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 [...]

The CFTC is going to close the comments in 5 days. We have 5 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).

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THE MIDAS ORACLE TAKES:
- CALL TO ACTION: Let’s fight so that the CFTC allows the FOR-PROFIT prediction exchanges to deal with “event markets”.
- In the for-profit vs not-for-profit debate, our prediction market luminaries, doctored by Bob, are on the wrong side of the issue.
- The definitive proof that FOR-PROFIT prediction exchanges (like BetFair and InTrade) [...]

The CFTC is going to close the comments in 6 days. We have 6 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).

-
THE MIDAS ORACLE TAKES:
- CALL TO ACTION: Let’s fight so that the CFTC allows the FOR-PROFIT prediction exchanges to deal with “event markets”.
- In the for-profit vs not-for-profit debate, our prediction market luminaries, doctored by Bob, are on the wrong side of the issue.
- The definitive proof that FOR-PROFIT prediction exchanges (like BetFair and InTrade) [...]

The CFTC is going to close the comments in 7 days. We have 7 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).

-
THE MIDAS ORACLE TAKES:
- CALL TO ACTION: Let’s fight so that the CFTC allows the FOR-PROFIT prediction exchanges to deal with “event markets”.
- In the for-profit vs not-for-profit debate, our prediction market luminaries, doctored by Bob, are on the wrong side of the issue.
- The definitive proof that FOR-PROFIT prediction exchanges (like BetFair and InTrade) [...]

A letter to the CFTC about for-profit prediction market exchanges

I submitted a comment to the CFTC about their “Concept Release on the Appropriate Regulatory Treatment of Event Contracts.” Specifically, I addressed the American Enterprise Institute’s call for a ban on for-profit prediction market exchanges as well as restricting fees charged by such exchanges to “modest” ones (link). This is what I said:
Recently, the American [...]

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