Tag Archives: event markets

COALITION OF REGULATED EXCHANGES SUBMIT A JOINT COMMENT TO THE CFTC ON “EVENT MARKETS” —ONE DAY AFTER THE DEADLINE.

American Stock Exchange + Boston Stock Exchange + Chicago Board of Options Exchange + International Securities Exchange + NYSE Arca + The Options Clearing Corporation + Philadephia Stock Exchange — (PDF file) -

Posted in Exchanges & Markets, Regulations | Tagged , , , , , , , , , , , , , , | Leave a comment

What Robin Hanson told the CFTC about “event markets” (prediction markets)

Robin Hanson: Date: Mon, 07 Jul 2008 10:12:46 -0400 To: secretary@cftc.gov From: Robin Hanson <rhanson@gmu.edu> Subject: Comment on “Concept Release on the Appropriate Regulatory Treatment of Event Contracts” —————————————————————- I am an event market innovator, having published the first detailed … Continue reading

Posted in All Best Posts Ever, Analysis (Industry), Economics, Inventions & Innovations, Regulations | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 5 Comments

Are US-based real-money prediction exchanges to become federally regulated (as DCMs)? Or semi-regulated (as ECMs, or as exchanges covered by “no-action” letters)?

BusinessWeek: In its request for comment, the CFTC reminded the public that the commission should “promote innovation for futures and derivatives.” It also added that —hint, hint— the Iowa markets have been valuable sources of public information and have predicted … Continue reading

Posted in All Best Posts Ever, Analysis (Industry), Analysis (Meta), Exchanges & Markets, Regulations | Tagged , , , , , , , , , , , , , , , | Leave a comment

A second look at HedgeStreet’s comment to the CFTC about “event markets”

Other than the ISDA (which is an association of operators who do not trade on regulated derivative exchanges), HedgeStreet (a non-intermediated DCM) was the first representative of the regulated derivative exchange community to submit a comment to the CFTC. — … Continue reading

Posted in Analysis (Industry), Regulations | Tagged , , , , , , , , , , , , , , , , | 1 Comment

My response to the CFTC on event contracts

Here is my response to the CFTC’s “Concept Release on the Appropriate Regulatory Treatment of Event Contracts.” I appreciate this opportunity to help in working towards regulated prediction markets in the US, and I thank the Commissioners for it. Given … Continue reading

Posted in All Best Posts Ever, All Guest Authors's Posts, Analysis (Industry), Exchanges & Markets, Finance, Forecasting (Science & Practice), Politics, Regulations | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

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 … Continue reading

Posted in All Best Posts Ever, Analysis (Industry), Exchanges & Markets, Regulations | Tagged , , , , , , , , , , , , , , , , , | Leave a comment

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).

- 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. … Continue reading

Posted in Analysis (Industry), Regulations | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

What to think of HedgeStreet’s comment to the CFTC

It’s a very important take. – HedgeStreet’s comment to the CFTC. — (PDF file) – Basically, they are saying: We saw that the CFTC is entertaining the “exemption” way for prediction markets on politics and on other news. You have … Continue reading

Posted in Analysis (Industry), Exchanges & Markets, Regulations | Tagged , , , , , , , , , , , , | 6 Comments

The freshest comments sent to the CFTC

- Jed Christiansen’s comment to the CFTC – (PDF file) – HedgeStreet’s comment to the CFTC. — (PDF file) -

Posted in Analysis (Industry), Exchanges & Markets, Regulations | Tagged , , , , , , , , , , , | Leave a comment

Let’s Tell the CFTC Where to Go.

Update: I’ve extended the deadline for signing up until 7 p.m. Pacific, Sunday, July 6. Also, I fixed a typo in paragraph 3, changing “denying” to “giving.” (Thanks, Gil!)> The deadline looms for interested parties to respond to the Commodity … Continue reading

Posted in All Best Posts Ever, All Guest Authors's Posts, Analysis (Industry), Exchanges & Markets, Regulations | Tagged , , , , , , , , , , , , , , , , | 13 Comments