http://mercury-rac.disqus.com/enTue, 17 Jun 2008 10:56:58 -0000http://blog.mercury-rac.com/2008/06/17/prediction-markets-in-the-us-the-cftc-making-it-all-work-part-2-of-5/#comment-691171<p>I think that prediction markets in the United States best fit under CFTC jurisdiction, as they are at their core futures markets. (As opposed to equities, etc.)</p><p>I also believe that for there to be any clarity about the legal status of prediction markets, and thus the capacity to move them forward, prediction markets/event contracts need to be officially recognised and supervised by some regulatory body. That does NOT mean I'm hoping for active regulation/supervision of prediction markets! Just that without some clear "chain of command" there will never be full development of PM potential, as there is simply too much legal risk to move forward.</p><p>Thanks for your comment!</p>jedc_mercuryTue, 17 Jun 2008 10:56:58 -0000http://blog.mercury-rac.com/2008/06/17/prediction-markets-in-the-us-the-cftc-making-it-all-work-part-2-of-5/#comment-691011<p>I have to say I agree with this post 100%, unlike your first part. Prediction markets have been interesting from an economic standpoint because, as you mention, of their uncanny ability to predict. However, you stated that they should fall under the jurisdiction of the CFTC. I wonder if this is strictly for moral purposes, or if you suggest its supervision might actually help prediction markets in their functions in some manner. I look forward to your future posts.</p>OceanluganoTue, 17 Jun 2008 10:36:52 -0000