A prediction market insider asks regulators for leniency in the battle over wagering on political outcomes. The sometimes sleepy world of political prediction markets has found itself, rather suddenly, in a straight-up frenzy. In August, the Commodity Futures Trading Commission (CFTC) revoked PredictIt’s no-action relief and ordered it to shut down by February over alleged … Continued
The Commodity Futures Trading Commission withdrew its longstanding no-action letter for political prediction market platform PredictIt. Luckbox asked its co-founder what that means for the future of political forecasting. A lot has happened since the Commodity Futures Trading Commission (CFTC) granted no-action relief to Victoria University of Wellington to operate a political event contracts market in … Continued
Bitcoin is on fire and recently broke through its previous all-time high, pulling other cryptocurrency-levered assets along with it. Interest in the cryptocurrency space has exploded in recent days with the price of a single bitcoin spiking to new all-time highs—well north of $20,000. Leading the entire sector higher, the world’s best-known digital coin appears … Continued
On May 6, 2010 the Dow collapsed 9% only to recover a large portion of the loss almost instantly. The whole move only took about 36 minutes, and is known as the “Flash Crash.” No one quite understood the reasons behind the move when it occurred, but eventually the regulators found a culprit. The U.S. … Continued