Sam Sachdeva's piece on Vic Uni's grilling at CFTC makes me miss iPredict and lament that the Vogons are everywhere.
CFTC argues that Vic Uni ceded effective control of the market to Aristotle, the company contracted to handle AML and payment processing, and that some of its contracts went beyond the scope of the no-action letter. It didn't like contracts on the number of Trump tweets, or on whether Hunter Biden would be charged.
It's a shame. Prediction markets make the world a better place. And it's looking likely that we'll lose another one.
The Sachedeva piece is currently gated, but may ungate in a few days by pulling the /pro from the URL.
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