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The Augur Foundation will never do that because it would put them in immense legal jeopardy from the SEC/CFTC, and at no point in Augur's growth would that make
by gwern 8y ago
The Augur Foundation will never do that because it would put them in immense legal jeopardy from the SEC/CFTC, and at no point in Augur's growth would that make sense: when Augur is small, the gain from wash trading is much smaller than the potential fines (Intrade was fined $3m this year alone, and it doesn't even operate any more), and when it's large, it's unnecessary.