Saturday, May 10, 2008

Progress on Prediction Markets

From Freakonomics:

One of the real barriers to widespread adoption of prediction markets by U.S. corporations has been a murky legal environment. Are prediction markets legitimate business tools, an alternative set of securities markets requiring SEC regulation, illegal betting markets, allowable games of skill, or something else altogether?

Fortunately, the Commodity Futures Trading Commission is stepping up to the plate...MORE