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They aren't legal in the US generally. A few like the Iowa Electronic Market have a special exemption and very low upper limits on spending. Others like Betfair
by bo1024 13y ago
They aren't legal in the US generally. A few like the Iowa Electronic Market have a special exemption and very low upper limits on spending. Others like Betfair and Intrade when it existed are hosted in other countries, e.g. Ireland.
- mcantelon 13y agoYeah, DARPA got spanked for wanting to set one up[1] and Jim Bell got personally destroyed[2] for writing about them[3] from a radical political viewpoint. [1]http://en.wikipedia.org/wiki/Policy_Analysis_Market http://en.wikipedia.org/wiki/Policy_Analysis_Market [2] http://en.wikipedia.org/wiki/Jim_Bell http://en.wikipedia.org/wiki/Jim_Bell [3] http://www.outpost-of-freedom.com/jimbellap.htm http://www.outpost-of-freedom.com/jimbellap.htm
- rwmj 13y agoRight, and it had nothing to do with the fact it was proven he was using false identity documents to conceal money from the IRS. No sir. He was imprisoned just for writing an essay.
- mcantelon 13y agoThey were surveilling him were before the IRS charges. Not normal in a standard tax evasion matter.