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Does this mean that https://www.predictit.org/ https://www.predictit.org/ isn't authorized to operate in any state?

• voxic11 7y ago
  Their website seems to indicate that so long as you are a student, faculty or staff a a participating university and you don't invest more than $850 then the federal government won't come after you. > Provider has received a no-action-letter from the Division of Market Oversight of the Commodity Futures Trading Commission. Without explicitly asserting jurisdiction over Provider or any of its submarkets, this letter, dated October 29, 2014, extended no-action relief to Provider's Political and Economic Indicator Markets (the latter limited to students, faculty and staff of participating universities). The letters are available at the CFTC website as part of their Freedom of Information Act documents. Pursuant to this letter, there is “a limit of 5000 total traders in any particular contract”, and “a limit on investment by any single participant in any particular contract [of] $850”. https://www.predictit.org/terms-and-conditions https://www.predictit.org/terms-and-conditions