Americans (Seemingly) Aren’t Allowed to Put This Economic Theory to the Test
The Commodity Futures Trading Commission (CFTC) is potentially hindering the growth of prediction markets by utilizing regulatory controls. While the value of betting markets is debatable, the fact that various academics, companies, and even DARPA have recognized the potential of crowdsourcing truth is noteworthy. However, the CFTC’s actions suggest an attempt to eliminate prediction markets … Read more
