Tag Archives: New York Senate

In November 2000, the Iowa Electronic Markets declared the AL GORE speculators as the winners of their zero-sum game.

Iowa Electronic Markets: Release: Nov. 17, 2000 Iowa Electronic Markets name Gore winner in futures payoff IOWA CITY, Iowa — The presidential election is over, at least in the Iowa Electronic Markets (IEM). The IEM has declared Al Gore the … Continue reading

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Do Gambling Laws Threaten Prediction Markets?

Because prediction market traders generally rely more on skill than on chance to win, I’ve argued that they do not qualify in “gambling” as defined by U.S. law. I’ve also admitted, however, that over-ambitious prosecutors might see the matter differently. … Continue reading

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