Tag Archives: US CFTC

Legality of real-money prediction markets in America — [LINKS]

#1. CFTC’s Bart Chilton says ‘no’. – #2. DOJ says ‘yes’, other than for sports and horse racing.

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U.S. futures regulators issued draft proposals to curb speculative trading in commodities, despite concerns that the regulators lack enough market data.

“The CFTC voted 4-1 Thursday to propose the trading curbs in more than two dozen commodities including oil, corn, soybeans and coffee.”

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Why does the CFTC allow the Cantor Exchange and not InTrade?

Joe Weisenthal has a small opinion piece on why the CFTC allows real-money prediction markets on movie business, and bans those on politics or sports. The problem in the piece is that Joe is 100% wrong. Joe says that there … Continue reading

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Ayn Rand’s influence on Alan Greenspan is responsible for the 2008 financial crisis.

Or so is PBS’s thesis in “The Warming”. Pretty convincing. ADDENDUM Wikipedia: Brooksley E. Born is an American attorney and former public official who, from August 26, 1996 to June 1, 1999, was chairperson of the Commodity Futures Trading Commission … Continue reading

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