From: Adrian Tymes (wingcat@pacbell.net)
Date: Thu Aug 07 2003 - 14:33:53 MDT
--- Robin Hanson <rhanson@gmu.edu> wrote:
> Information markets *are* effectively illegal in
> much
> of the private sphere in the US, including Nevada.
Offshore 'em, if necessary. But I seem to recall
seeing political info markets within the US - for
example, bets on the CA governors' race. (The only
example I can immediately find, though, seems to be
hosted out of Ireland.)
> The idea of info markets is that someone wants to
> know
> something so they create/subsidize a market whose
> prices
> will tell them what they want to know. On the topic
> of
> military/political instability in the Mideast, the
> US
> government is one of the biggest potential
> customers,
> since they should get great value from knowing.
> Thus
> losing them as a customer is a big setback to
> selling
> that info product.
Arguable. If the market exists, the US gov't would
likely become a customer whether or not it hosts the
market. Though I'll grant that it'd be a bigger
participant in a market it itself hosted.
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