logoalt Hacker News

gruez • yesterday at 5:10 PM • 1 reply • view on HN

Prediction markets are specifically not securities though, they're commodities regulated by the CFTC.


Replies

Terr_ • yesterday at 6:06 PM

The correctness of that being... well, a whole 'nother debate. Putting that aside for the moment, CFTC has previously gone after people for fraud.

If we assume gambling about the outcome of an election is "futures trading", then fraudulent election polls are the same kind of criminal activity as someone putting out fraudulent corn-harvest reports when trading corn futures.

➕ show 1 reply