[imustbeevil]

> When DMO issued the letter on October 29, 2014, it took a no-action position with respect to the operation of a not-for-profit market for certain event contracts and the offering of such contracts to U.S. persons by Victoria University of Wellington, New Zealand without registration as a designated contract market, foreign board of trade, or swap execution facility, and without registration of its operators.

> DMO has determined that Victoria University has not operated its market in compliance with the terms of the letter and as a result has withdrawn it.

https://www.cftc.gov/PressRoom/PressReleases/8567-22

For the "other side". They got a waiver to operate an unregistered securities market, as a non-profit University-based organization. They allegedly did not operate it as they said they would, so they are losing their waiver. If companies want to offer these services, they are entirely within their American rights to do so legally.