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Does that violate some kind of SEC regulation? It seems perilously close to an actual open market for startups. Though obviously no won would care if the max bu
by rms 19y ago
Does that violate some kind of SEC regulation? It seems perilously close to an actual open market for startups. Though obviously no won would care if the max buy-in was $20.
Actually, cash prediction markets are probably against US Law anyways, I think Intrade operates from Ireland.
- amichail 19y agoThere would be no money involved although YC might use it as another factor (both in terms of predicting success and being predicted to succeed) in its selection process.
- rms 19y agoHow can you have a prediction market without money or at least prizes? People won't take it seriously. It's not a market then.