Tag Archives: particular presidential candidate
Why Robin Hanson is right to freak out about the upcoming CFTC ruling on “event markets” (prediction markets)
Robin Hanson is trembling in his pants:
Coming soon after speculators were blamed for rising commodity prices, I fear this is bad news for hopes for legal prediction markets anytime soon.
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The CFTC decisions are politically sensible in 4 areas:
The CFTC will never allow real-money prediction markets on sports. That’s too close to gambling, for some critics. [...]
How the CFTC try to define our prediction markets
CFTC – (PDF file):
CFTC’s Concept Release on the Appropriate Regulatory Treatment of Event Contracts
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II. Commodity Options and Futures and the Attributes of Event Contracts
The Commission, with some exceptions, has exclusive jurisdiction over two relevant types of derivative instruments —commodity options and commodity futures contracts.
Section 4c(b) of the Act gives the Commission plenary jurisdiction over commodity [...]
CFTC’s Concept Release on the Appropriate Regulatory Treatment of Event Contracts
CFTC – (PDF file):
CFTC’s Concept Release on the Appropriate Regulatory Treatment of Event Contracts
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SUMMARY:
The Commodity Futures Trading Commission (Commission or CFTC) is soliciting comment on the appropriate regulatory treatment of financial agreements offered by markets commonly referred to as event, prediction, or information markets. \1\ For ease of reference and to avoid classification issues, these [...]
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