I finally figure out how to take money from wingnuts and climate science deniers, and the government shuts it down. Figures.--SS
Why economists love Intrade and regulators hate it:
"...if the CFTC is really so worried about speculation, it could start paying closer attention to, say, trillions of dollars worth of credit derivatives and swaps trading that no longer appear to have any useful purpose, rather than worrying about tiny sites like Intrade. What’s more, allowing prediction markets to operate as licensed exchanges would allow more government oversight of what happens to the money."
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