Finance Roundtable

Here is my response to the CFTC's "Concept Release Appropriate Regulatory Treatment of Event Contracts." I appreciate this opportunity to help in working towards regulated prediction markets in the US, and I thank the Commissioners for it.

Given the political implications of ...

The recommendation for safe-harbor of a group of influential economists to the CFTC aims squarely at the 4(c)3(K)* clause of the Commodity Exchange Act. The CFTC may approve a public interest exemption under 4(c) provided that the affected contracts are traded only between "appropriate persons". 4(c)3(K) is ...