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by rpjt 46 days ago
Random aside: I distinctly remember getting on a phone call with people from the SEC (US Gov't) with the goal of understanding if I could legally start a prediction market. This was during 2020 or 2021. I recall them saying basically "no way" and that it wouldn't be legal, and would be rife with abuse.

Fun times.

4 comments

Random aside: Prediction markets are illegal to be run under SEC jurisdiction. The CFTC (a different agency) allows and oversees them under their jurisdiction.

You called the wrong agency.

Should have just went for it
It's like Uber getting on a phone call with the city to ask if it's legal to run taxis that aren't taxis.
Too bad open bribes weren't as popular back then. A lil grease goes a long way these days (͡° ͜ʖ ͡°)