[extropy-chat] Opinion piece on policy-making with predictionmarkets

[Brett Paatsch]

Neil Halelamien wrote:

> "In his paper 'Shall We Vote on Values, But Bet on Beliefs,' Hanson
> proposed a new form of government, which he calls a 'Futarchy'. In
> this government, elected representatives would formally define and
> manage after-the-fact measurements of national welfare, while market
> speculators would say which policies they expected to raise national
> welfare."
>
> Which makes me wonder... after the unfortunate knee-jerk reaction to
> the Policy Analysis Market, are there any actions we can take towards
> helping make real-money prediction markets legal in the US?

Sure, one possibility is to make it legal elsewhere first, and then, point 
at
the revenue the US is losing to freer, smarter, more capitalist countries.

Brett Paatsch