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A core thesis of prediction market enthusiasts is that the ‘wisdom of the crowds’ can disrupt a discourse characterized by poor….

Predictions that the legalization of sports betting since the Supreme Court’s 2018 decision in Murphy v. NCAA would lead to….

Manifold has decided to use platform currency as opposed to fiat money or cryptocurrency, in part to avoid saddling its markets….

Branding itself as the “first federally regulated exchange,” Kalshi has tried to hew as closely as possible to….

Ever since Chairman Behnam raised the possibility of the CFTC turning into an “election cop” in his interview on the Odd Lots podcast, we….

Classic ethical, moral and religious injunctions against gaming are relatively inapplicable to election contracts…

Manipulative and/or false reporting activity is relatively unusual in markets on the control of Congress. It is ….

Chougule’s Analysis Cited in Column Criticizing CFTC Chairman’s Concerns about Election Markets August 8, 2023  In his August 8 column in PlayUSA, gambling industry reporter Steve Friess criticizes CFTC Chairman Rostin Behnam for voicing concerns that the agency could become an “election cop” if it approves election markets.   Informed by analysis by Pratik Chougule and …

Chougule’s Analysis Cited in Column Criticizing CFTC Chairman’s Concerns about Election Markets  Read More »

A key question in debates over political betting regulation is whether contracts on the outcomes of elections….