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That's not exactly accurate. The government has gone after and shut down prediction markets before. They made an agreement with PredictIt not to, but PredictI
by Sniffnoy 8y ago
That's not exactly accurate. The government has gone after and shut down prediction markets before. They made an agreement with PredictIt not to, but PredictIt's $850 limit was apparently a big factor in that.
I hadn't heard of IEM before. Not sure what's up with that.
- sigstoat 8y agoIEM has received multiple no-action letters, and also has limits. So basically the same situation as PredictIt.