From: Emlyn O'regan (oregan.emlyn@healthsolve.com.au)
Date: Wed Aug 27 2003 - 01:20:28 MDT
Robin Hanson wrote, some time back:
> > Information markets *are* effectively illegal in much
> > of the private sphere in the US, including Nevada.
> > Nevada only allows betting on sports. The CFTC allows
> > people to create markets for gambling on commodities,
> > if risk-hedging functions are served and lots of money
> > will flow through it. The only apparent safe place to
> > do private info markets is entirely within a particular
> > corporation.
Here's a weird idea...
Could you create a corporation for the purposes of making such a market
legal? All people who want to trade or see information become part of the
corporation in some way, and the entire thing becomes internal. You could
join people up online, so that it'd behave exactly as though it was public
access, but everyone who ever accessed it would become, technically, an
employee or shareholder or something, on first access.
Emlyn
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