The regulator’s proposal for online prediction markets stands in clear opposition to congressional statute and its own rulemaking.
prediction markets
Posted inPodcasts
Organized Money: Curbing America’s Gambling Problem
Calling out prediction markets for what they are: rigged extraction machines
Posted inLaw and Justice
Economic Hit Men for Gambling Apps
Former solicitor general Elizabeth Prelogar is writing justifications for prediction market gambling apps, joining several Biden administration colleagues defending the industry.
Posted inAmerica and the World
Aftermath: Trump Is Wrecking the U.S. Military
Not our precious troops! No! No!!
Posted inEconomic Policy
This Is the Worst Argument for Prediction Markets
Putting a market price on some prediction does not make it a ‘truth machine.’
Posted inMoney, Politics, and Power
Khan vs. Cutter: A Tale of Two Careers
It was the age of corruption, and maybe, it was also the age of integrity.
Posted inPodcasts
Organized Money: The Business of Betting on Murder with Sen. Chris Murphy
Bet you can’t guess who is insider trading the Iran War.
Posted inLaw and Justice
Prediction Markets May Have Inadvertently Outed Themselves as Casinos
By intervening in individual bets, companies like Kalshi and Polymarket are not acting as neutral market makers, as they have claimed in litigation.
Posted inMoney, Politics, and Power
Sean Patrick Maloney’s Vanishing Ethics Pledge
The former member of Congress and DCCC chair is now the head of the Coalition for Prediction Markets, an organization funded by the exact crypto firms he promised not to work for.
Posted inMoney, Politics, and Power
Monetizing Regime Change
It is trivially easy for administration officials to use prediction markets to bet on the policies they authorize. We may have just seen it in Venezuela.