@polispandit: The CFTC wants to be Las Vegas. They have a new proposed rulemaking out that sets good minimum standards, but bad, overly-complicated defined terms. And worse, it doesn’t even cover mention markets or contracts where one individual determines the outcome (which have the most insider trading risk). It’s a highly flawed rulemaking that wraps a deregulatory effort in a bunch of process tape. #predictionmarket #finance #money #lawyer #investing