Statement on Prediction Markets

Published: May 1, 2007
Abstract
Prediction markets are markets for contracts that yield payments based on the outcome of an uncertain future event, such as a presidential election. Using these markets as forecasting tools could substantially improve decision making in the private and public sectors. We argue that U.S. regulators should lower barriers to the creation and design of prediction markets by creating a safe harbor for certain types of small stakes markets. We believe...
Paper Details
Title
Statement on Prediction Markets
Published Date
May 1, 2007
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