Hacker News new | ask | show | jobs
by caseyross 1415 days ago
From the official withdrawal letter [1]:

> [Victoria University] has not operated its market in compliance with the terms of [the 2014 letter granting no-action relief].

Nowhere does the CFTC state exactly what the alleged violations where, so we can only speculate. It certainly lends support to the hypothesis that the no-action withdrawal is regulatory capture by a competing prediction market.

[1]: (Forced PDF download) https://www.cftc.gov/csl/22-08/download