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Feds shut down prediction markets (InTrade)

Discussion in 'BBS Hangout: Debate & Discussion' started by Commodore, Nov 26, 2012.

  1. Commodore

    Commodore Contributing Member

    Dec 15, 2007
    Likes Received:

    It's for our own good you see, can't let us engage in risky activity (especially without a license!). Otherwise THE ECONOMY COULD COLLAPSE!
  2. Northside Storm

    Northside Storm Contributing Member

    Dec 24, 2007
    Likes Received:

    intrade backed off from a very legitimate civil complaint. Looks like they don't want to take the Wall Street settle and admit no guilt route.


    Yeah, it's kinda the CFTC's job to regulate things like off-exchange swaps and derivatives on currencies and commodities, and if they'd done a more stringent job as they seem to be doing now, maybe 2008 wouldn't have happened. Just a thought.

    No one forced a gun to Intrade's head, just a civil complaint. More business for Betfair, I suppose.


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