This thread will end well. Buy at 61.7; sell at 60.1.
May 16, 2008 8:54 AM Subscribe
The Promise of Prediction Markets (full text link; .pdf here)
posted by googly (24 comments total)
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. A group of distinguished economists and other scholars has published a call to exempt prediction markets (previously on MeFi: 1, 2)
from American laws that restrict internet gambling.
The group was supported by the American Enterprise Institute's Reg-Markets Center
, which includes several of the authors on its advisory board. They suggest that the Commodity Futures Trading Commission - which recently sought public comment
on the issue - establish a "safe harbor" for small-stakes markets. PM boosters are ambivalent
about the idea