CEI Today: Assault on Intrade, new leadership at the Bank of England, and the importance of guest workers
INTRADE - JOHN BERLAU
Openmarket.org: Intrade Is Only The Latest CFTC Outrage
Every so often, a government agency will do something so outrageous it will shock even even everyday critics of “big government,” as well as draw criticism even from advocates of so-called “good government” intervention.
For the Commodity Futures Trading Commission (CFTC), that moment was yesterday when it filed a civil lawsuit against the respected Intrade online prediction market and its parent company the Trade Exchange Network (TEN) Limited, accusing them — according to a CFTC press release – of being “in violation of the CFTC’s ban on off-exchange options trading.” Intrade and TEN responded in kind by closing off participation by U.S. residents. > View the full commentary at Openmarket.org
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