NOT-FOR-PROFIT… or… FOR-PROFIT… That is the question.

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The dilemma goes like this:

  1. If the CFTC allows for-profit prediction exchanges &#8211-&gt- that&#8217-s a good step forward (even though sports are excluded from the legal offerings)-
  2. If the CFTC allows only not-for-profit prediction exchanges &#8211-&gt- that&#8217-s a micro step forward (but still positive in the eyes of many).

BACKGROUND INFO:

CFTC’s Concept Release on the Appropriate Regulatory Treatment of Event Contracts&#8230- notably how they define &#8220-event markets&#8221-, how they are going to extend their &#8220-exemption&#8221- to other IEM-like prediction exchanges, and how they framed their questions to the public.

UPDATE: In the for-profit vs not-for-profit debate, our prediction market luminaries, doctored by Bob, are on the wrong side of the issue.

3 thoughts on “NOT-FOR-PROFIT… or… FOR-PROFIT… That is the question.

  1. WEB EXCLUSIVE: How the US prediction market scene will look like after the CFTC ruling on "event markets" | Midas Oracle .ORG said:

    […] UPDATE: NOT-FOR PROFIT… or… FOR-PROFIT… That is the question. […]

  2. Will the CFTC allow FOR-PROFIT prediction exchanges to deal with "event markets"? | Midas Oracle .ORG said:

    […] UPDATE: NOT-FOR PROFIT… or… FOR-PROFIT… That is the question. […]

  3. CALL TO ACTION: Let's fight so that the CFTC allows the FOR-PROFIT prediction exchanges to deal with "event markets". | Midas Oracle .ORG said:

    […] Site Map Will the CFTC allow FOR-PROFIT prediction exchanges to deal with “event markets”? NOT-FOR-PROFIT… or… FOR-PROFIT… That is the question. […]

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