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

[Neil Halelamien]

Another question which comes to mind: What would be the
legality/feasibility of running a prediction market in an Indian
reservation?

On 6/6/05, Brett Paatsch <bpaatsch at bigpond.net.au> wrote:
> 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
> 
> 
>