[extropy-chat] Betting on Global Warming

[Robin Hanson]

At 10:56 PM 8/22/2005, Brett Paatsch wrote:
>>... The other possible loophole I keep thinking about is a charity.
>>If the charity helps match bettors, but doesn't take any sort of
>>cut or fee for helping those bettors, it seems possible that the
>>charity itself would not be prosecuted.
>
>Are you using charity as a synonym for not-for-profit? Reason I ask is
>that I'm not currently across the legal distinctions, if any between
>charity and not-for-profit, in the US, but in strictly economic terms,
>it seems to me that even a charity is going to want something to
>offset the costs of hosting such a service.  I think of a charity as
>slightly different to a not-for-profit perhaps because charity has
>positive connotations to most people whereas not-for-profit may not.

I had in mind the positive altruistic connotations.


Robin Hanson  rhanson at gmu.edu  http://hanson.gmu.edu
Associate Professor of Economics, George Mason University
MSN 1D3, Carow Hall, Fairfax VA 22030-4444
703-993-2326  FAX: 703-993-2323