Tag Archives: oil find

CFTC regulation and election contracts

Insofar as event markets are within the CFTC’s jurisdiction, they would likely be approved as “excluded commodities”. Here is the relevant part of the definition within the Commodity Exchange Act: (iv) an occurrence, extent of an occurrence, or contingency (other … Continue reading

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Prof. Bainbridge on Burton Malkiel on the efficient capital markets theory (ECMH)

Prof. Bainbridge on Burton Malkiel on the efficient capital markets theory (ECMH): The second pillar of Malkiel’s analysis is the efficient capital markets theory (ECMH). The fundamental thesis of the ECMH is that, in an efficient market, current prices always … Continue reading

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