Tag Archives: CFTC
Prediction Markets for Valuing Private Companies
Everyone seems to have an opinion on the future prospects of Facebook and Twitter. Some of us even feel strongly enough to want to bet on it. Unfortunately, the companies are privately held, and unavailable to be bet on in the traditional way, via the stock market. It is not just household names like Facebook [...]
President Barack Obama’s fiscal 2010 budget request would give federal securities and commodities regulators additional resources to investigate fraud and manipulation in the financial markets.
SEC + CFTC = WSJ
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MicroSoft joins Yahoo! and Google in lobbying the CFTC for private event derivative markets.
Via David Pennock who has much more info. – MicroSoft’s short letter to the CFTC. – PDF file
MicroSoft simply says that it supports the lobbying of CIM (Yahoo! + Google) in favor of (enteprise and public) prediction markets —PDF file. So, you would ask, why doesn’t MicroSoft join CIM? I heard the rumor that MicroSoft [...]
American Civics Exchange… a little update
On February 10, 2009, the American Civics Exchange (see our previous post) received an official acknowledgment from David Stawick, Secretary of the CFTC. The CFTC website, however, does not yet list ACE in their directory of eBOTs. It will, ultimately —in all logic.
UPDATE: The Hill on ACE…
Institutional investors might use the exchange to hedge their [...]
Did the CFTC relax its ECPs requirement for eBOTs?
Contra Chris Masse (who blogged cockily that that would never happened), WeatherBill is now available to any weather-sensitive business, large or small. No $1m net worth required, anymore.
Developing…
Waiting for a P.R. release from them today [tomorrow, on another subject]…
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American Civics Exchange = CFTC-regulated Exempt Board of Trade
American Civics Exchange is enabling what InTrade (circa 2006, when they applied for the eBOT status) couldn’t… —getting the CFTC stamp of approval, and running a real-money prediction exchange from within the US territory (as opposed to offshore). The ACE does not have any direct domestic competitor, right now, but HedgeStreet could enter the political [...]
Commodity Futures Trading Commission
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