4 ms·

You fall under their regulation if you're in the US. http://en.wikipedia.org/wiki/U.S._Securities_and_Exchange_Commission http://en.wikipedia.org/wiki/U.S._Secu

by rms 18y ago

You fall under their regulation if you're in the US. http://en.wikipedia.org/wiki/U.S._Securities_and_Exchange_Commission http://en.wikipedia.org/wiki/U.S._Securities_and_Exchange_Co... Good luck.

jraines 18y ago
Are things like Intrade regulated?
- newt0311 18y ago
  yes.
- mattmaroon 18y ago
  Intrade doesn't sell stock. It sells betting contracts. It's an entirely different type of regulation, and is actually illegal here.
  - fallentimes 18y ago
    It is? Oops.
    - mattmaroon 18y ago
      Illegal to run. Not illegal to play at (probably).
      - mattmaroon 18y ago
        I should amend that. Not illegal to play at in most states.
  - ckinnan 18y ago
    Intrade offers futures contracts on various events. It's not betting per se and they can be used as part of a legitimate investment portfolio. It's still illegal here though, the US government will find a way to shut down any kind of innovative online market.
    - mattmaroon 18y ago
      It's not equity, and unlike futures, there's no underlying asset so it's not analogous to stocks, options, futures, or anything the SEC regulates. It's just a different type of gambling.
  - stcredzero 18y ago
    Couldn't you use betting contracts to implement a kind of stock market? You could certainly use them to implement most kinds of derivatives. What about a non-equity market to finance businesses? Instead of selling equity shares, you are paying money to a company (and a broker) for the opportunity to bet that company will achieve a certain level of income in a certain period? You'd be able to bet both with and against that company. The former would be equivalent to bonds.
- thomaspaine 18y ago
  Intrade is based in Dublin. The Iowa Electronic Market has a special no-action letter from the Commodity Futures Trading Commission.
smanek 18y ago
There are dark pools (http://en.wikipedia.org/wiki/Dark_pools http://en.wikipedia.org/wiki/Dark_pools) that are under far less regulation at least ....
Kaizyn 18y ago
If it were a private equity market, there would be no regulation.

by rms 18y ago

You fall under their regulation if you're in the US. http://en.wikipedia.org/wiki/U.S._Securities_and_Exchange_Commission http://en.wikipedia.org/wiki/U.S._Securities_and_Exchange_Co... Good luck.

jraines 18y ago

Are things like Intrade regulated?

newt0311 18y ago
yes.
mattmaroon 18y ago
Intrade doesn't sell stock. It sells betting contracts. It's an entirely different type of regulation, and is actually illegal here.
- fallentimes 18y ago
  It is? Oops.
  - mattmaroon 18y ago
    Illegal to run. Not illegal to play at (probably).
    - mattmaroon 18y ago
      I should amend that. Not illegal to play at in most states.
- ckinnan 18y ago
  Intrade offers futures contracts on various events. It's not betting per se and they can be used as part of a legitimate investment portfolio. It's still illegal here though, the US government will find a way to shut down any kind of innovative online market.
  - mattmaroon 18y ago
    It's not equity, and unlike futures, there's no underlying asset so it's not analogous to stocks, options, futures, or anything the SEC regulates. It's just a different type of gambling.
- stcredzero 18y ago
  Couldn't you use betting contracts to implement a kind of stock market? You could certainly use them to implement most kinds of derivatives. What about a non-equity market to finance businesses? Instead of selling equity shares, you are paying money to a company (and a broker) for the opportunity to bet that company will achieve a certain level of income in a certain period? You'd be able to bet both with and against that company. The former would be equivalent to bonds.
thomaspaine 18y ago
Intrade is based in Dublin. The Iowa Electronic Market has a special no-action letter from the Commodity Futures Trading Commission.

smanek 18y ago

There are dark pools (http://en.wikipedia.org/wiki/Dark_pools http://en.wikipedia.org/wiki/Dark_pools) that are under far less regulation at least ....

Kaizyn 18y ago

If it were a private equity market, there would be no regulation.