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CFTC Soliciting Info On Prediction Markets

Posted on May 11, 2008

Even if you could argue that there's no value in public prediction markets, it's hard to see what value there is in banning them, or pushing them into the farthest recesses of the law. Not that anything is likely to change soon, but the small CFTC (Commodity Futures Trading Commission) is soliciting public info on the matter of prediction market regulation.Michael Gilberson offers some analysis on what CFTC is looking for and what it all means.Also, David Pennock (a Yahoo who interested in gambling and prediction market stuff) is excited, so that's cool....

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