[ExI] Bad news for US customers of Intrade

[Rafal Smigrodzki]

On Tue, Nov 27, 2012 at 4:59 PM, Adrian Tymes <atymes at gmail.com> wrote:
> On Tue, Nov 27, 2012 at 1:34 PM, spike <spike66 at att.net> wrote:
>> Hmmm, I don't understand why gold is a regulated market, and even if so, why
>> it hurts anything to speculate on its future price through InTrade.
>
> Gold speculation is a matter of international commerce, and therefore
> definitely "interstate commerce".  It's regulated to prevent the worst of
> the swindlers and hucksters from profiting at the expense of others.
>
> The specific regulation - Dodd-Frank - was also intended to curb the
> effect of speculation on commodity prices, for instance after oil
> speculators kept getting $billions by such market manipulation,
> which costs were largely passed on by oil companies in the form of,
> e.g., higher gas prices.

### I have a question - do you approve of these regulations?

Rafal