Comments on: Prediction Markets in the US & the CFTC — Making it all work (Part 2 of 5) http://blog.mercury-rac.com/2008/06/17/prediction-markets-in-the-us-the-cftc-making-it-all-work-part-2-of-5/ A blog on prediction markets and innovation Fri, 16 Jul 2010 12:34:39 +0000 hourly 1 http://wordpress.org/?v=3.0 By: A draft response to the CFTC | Midas Oracle .ORG http://blog.mercury-rac.com/2008/06/17/prediction-markets-in-the-us-the-cftc-making-it-all-work-part-2-of-5/comment-page-1/#comment-395 A draft response to the CFTC | Midas Oracle .ORG Wed, 25 Jun 2008 13:15:08 +0000 http://blog.mercury-rac.com/2008/06/17/prediction-markets-in-the-us-the-cftc-making-it-all-work-part-2-of-5/#comment-395 [...] Public Interest [...] [...] Public Interest [...]

]]> By: jedc_mercury http://blog.mercury-rac.com/2008/06/17/prediction-markets-in-the-us-the-cftc-making-it-all-work-part-2-of-5/comment-page-1/#comment-2286 jedc_mercury Tue, 17 Jun 2008 19:56:58 +0000 http://blog.mercury-rac.com/2008/06/17/prediction-markets-in-the-us-the-cftc-making-it-all-work-part-2-of-5/#comment-2286 I think that prediction markets in the United States best fit under CFTC jurisdiction, as they are at their core futures markets. (As opposed to equities, etc.)<br><br>I also believe that for there to be any clarity about the legal status of prediction markets, and thus the capacity to move them forward, prediction markets/event contracts need to be officially recognised and supervised by some regulatory body. That does NOT mean I'm hoping for active regulation/supervision of prediction markets! Just that without some clear "chain of command" there will never be full development of PM potential, as there is simply too much legal risk to move forward.<br><br>Thanks for your comment! I think that prediction markets in the United States best fit under CFTC jurisdiction, as they are at their core futures markets. (As opposed to equities, etc.)

I also believe that for there to be any clarity about the legal status of prediction markets, and thus the capacity to move them forward, prediction markets/event contracts need to be officially recognised and supervised by some regulatory body. That does NOT mean I'm hoping for active regulation/supervision of prediction markets! Just that without some clear “chain of command” there will never be full development of PM potential, as there is simply too much legal risk to move forward.

Thanks for your comment!

]]> By: Oceanlugano http://blog.mercury-rac.com/2008/06/17/prediction-markets-in-the-us-the-cftc-making-it-all-work-part-2-of-5/comment-page-1/#comment-2285 Oceanlugano Tue, 17 Jun 2008 19:36:52 +0000 http://blog.mercury-rac.com/2008/06/17/prediction-markets-in-the-us-the-cftc-making-it-all-work-part-2-of-5/#comment-2285 I have to say I agree with this post 100%, unlike your first part. Prediction markets have been interesting from an economic standpoint because, as you mention, of their uncanny ability to predict. However, you stated that they should fall under the jurisdiction of the CFTC. I wonder if this is strictly for moral purposes, or if you suggest its supervision might actually help prediction markets in their functions in some manner. I look forward to your future posts. I have to say I agree with this post 100%, unlike your first part. Prediction markets have been interesting from an economic standpoint because, as you mention, of their uncanny ability to predict. However, you stated that they should fall under the jurisdiction of the CFTC. I wonder if this is strictly for moral purposes, or if you suggest its supervision might actually help prediction markets in their functions in some manner. I look forward to your future posts.

]]> By: jedc_mercury http://blog.mercury-rac.com/2008/06/17/prediction-markets-in-the-us-the-cftc-making-it-all-work-part-2-of-5/comment-page-1/#comment-540 jedc_mercury Tue, 17 Jun 2008 13:56:58 +0000 http://blog.mercury-rac.com/2008/06/17/prediction-markets-in-the-us-the-cftc-making-it-all-work-part-2-of-5/#comment-540 I think that prediction markets in the United States best fit under CFTC jurisdiction, as they are at their core futures markets. (As opposed to equities, etc.)<br><br>I also believe that for there to be any clarity about the legal status of prediction markets, and thus the capacity to move them forward, prediction markets/event contracts need to be officially recognised and supervised by some regulatory body. That does NOT mean I'm hoping for active regulation/supervision of prediction markets! Just that without some clear "chain of command" there will never be full development of PM potential, as there is simply too much legal risk to move forward.<br><br>Thanks for your comment! I think that prediction markets in the United States best fit under CFTC jurisdiction, as they are at their core futures markets. (As opposed to equities, etc.)

I also believe that for there to be any clarity about the legal status of prediction markets, and thus the capacity to move them forward, prediction markets/event contracts need to be officially recognised and supervised by some regulatory body. That does NOT mean I'm hoping for active regulation/supervision of prediction markets! Just that without some clear “chain of command” there will never be full development of PM potential, as there is simply too much legal risk to move forward.

Thanks for your comment!

]]> By: Oceanlugano http://blog.mercury-rac.com/2008/06/17/prediction-markets-in-the-us-the-cftc-making-it-all-work-part-2-of-5/comment-page-1/#comment-539 Oceanlugano Tue, 17 Jun 2008 13:36:52 +0000 http://blog.mercury-rac.com/2008/06/17/prediction-markets-in-the-us-the-cftc-making-it-all-work-part-2-of-5/#comment-539 I have to say I agree with this post 100%, unlike your first part. Prediction markets have been interesting from an economic standpoint because, as you mention, of their uncanny ability to predict. However, you stated that they should fall under the jurisdiction of the CFTC. I wonder if this is strictly for moral purposes, or if you suggest its supervision might actually help prediction markets in their functions in some manner. I look forward to your future posts. I have to say I agree with this post 100%, unlike your first part. Prediction markets have been interesting from an economic standpoint because, as you mention, of their uncanny ability to predict. However, you stated that they should fall under the jurisdiction of the CFTC. I wonder if this is strictly for moral purposes, or if you suggest its supervision might actually help prediction markets in their functions in some manner. I look forward to your future posts.

]]>