PredictIt Closing Down 2023

[jjgold]

The staff of the Commodity Futures Trading Commission (CFTC) has withdrawn the No-Action letter (NAL) issued to Victoria University of Wellington and under which PredictIt has operated since 2014.
Here’s what you need to know:
The security of trader funds will not be affected by this action.

We intend to continue operating existing markets for trading through Feb. 15, 2023 unless they resolve sooner under their respective market rules.

In light of this decision, we are halting the addition of new markets.

[SlickFazzer]

Shut the sombich down JJ!

[Snowball]

powerful ppl wanted to kill it. we'll see if they can appeal or come back but it don't look good.
just like Intrade which I used in the 2008 market. But Predictit was much better managed.

this is sad. still some action for this year I guess but the 2024 markets are collapsing.
totals don't add up to 1.00 anymore.

there is still a little hope.

"PredictIt maintains that all open markets are within the terms of the No-Action letter. We know our PredictIt community is incredibly strong and committed to this project.We will continue to update this page with additional information as it becomes available."

[jjgold]

Yep USa regulators crushed them and kashi complained also

[Snowball]

Yep USa regulators crushed them and kashi complained also

It's Democrats. Rostin Behnam is in charge. Appointed by Biden.

He's coming after crypto also. Major. see here

https://www.bnnbloomberg.ca/push-to-give-derivatives-regulator-more-sway-over-crypto-trading-gains-steam-1.1800806

[jjgold]

Crypto will be regulated 2023 already a done deal

[Accrued Interest]

I wondered how they lasted as long as they did. They were operating for profit even with bonuses. They were a straight up gambling operation masquerading as a academic experiment.

[Fishhead]

Crypto will be regulated 2023 already a done deal

[jjgold]

Fishhead
The bills are already in Congress some got approved they just have to work out some details


10000% regulation 2023 And that’s a good thing

[SlickFazzer]

JJ:

only 5 percent allocated to bitcoins.

Don't overload - too volatile.

[johnnyvegas13]

Unless sports close down do not care

[KVB]

The most advantageous offerings seem to have liquidity problems anyway.

Not a big loss, in my opinion.

Although always sad to see any type of out go.

[Snowball]

They got an injunction against court order... still running ....appeal pending.

DeSantis just ahead of Trump.

https://www.predictit.org/markets/detail/7053/Who-will-win-the-2024-Republican-presidential-nomination