1. 08-04-22 05:11 PM #1
    jjgold
    jjgold's Avatar Become A Pro!
    Join Date: 07-20-05
    Posts: 388,190
    Betpoints: 10

    PredictIt Closing Down 2023

    The staff of the Commodity Futures Trading Commission (CFTC) has withdrawn the No-Action letter (NAL) issued to Victoria University of Wellington and under which PredictIt has operated since 2014.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.
    Reply With Quote Reply With Quote
  2. 08-04-22 05:13 PM #2
    SlickFazzer
    SlickFazzer's Avatar Become A Pro!
    Join Date: 05-22-08
    Posts: 20,209
    Betpoints: 2923

    Shut the sombich down JJ!
    Reply With Quote Reply With Quote
  3. 08-04-22 05:22 PM #3
    Snowball
    Snowball's Avatar SBR PRO
    Join Date: 11-15-09
    Posts: 30,021
    Betpoints: 3780

    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."
    Last edited by Snowball; 08-04-22 at 05:28 PM.
    Reply With Quote Reply With Quote
  4. 08-04-22 05:30 PM #4
    jjgold
    jjgold's Avatar Become A Pro!
    Join Date: 07-20-05
    Posts: 388,190
    Betpoints: 10

    Yep USa regulators crushed them and kashi complained also
    Reply With Quote Reply With Quote
  5. 08-04-22 06:15 PM #5
    Snowball
    Snowball's Avatar SBR PRO
    Join Date: 11-15-09
    Posts: 30,021
    Betpoints: 3780

    Quote Originally Posted by jjgold View Post
    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-...team-1.1800806
    Reply With Quote Reply With Quote
  6. 08-04-22 06:20 PM #6
    jjgold
    jjgold's Avatar Become A Pro!
    Join Date: 07-20-05
    Posts: 388,190
    Betpoints: 10

    Crypto will be regulated 2023 already a done deal
    Reply With Quote Reply With Quote
  7. 08-05-22 08:12 AM #7
    Accrued Interest
    Accrued Interest's Avatar Become A Pro!
    Join Date: 04-02-22
    Posts: 145
    Betpoints: 1541

    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.
    Reply With Quote Reply With Quote
  8. 08-05-22 08:14 AM #8
    Fishhead
    Fishhead's Avatar SBR PRO
    Join Date: 08-11-05
    Posts: 40,178
    Betpoints: 11769

    Quote Originally Posted by jjgold View Post
    Crypto will be regulated 2023 already a done deal
    Reply With Quote Reply With Quote
  9. 08-05-22 10:52 AM #9
    jjgold
    jjgold's Avatar Become A Pro!
    Join Date: 07-20-05
    Posts: 388,190
    Betpoints: 10

    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
    Reply With Quote Reply With Quote
  10. 08-05-22 10:55 AM #10
    SlickFazzer
    SlickFazzer's Avatar Become A Pro!
    Join Date: 05-22-08
    Posts: 20,209
    Betpoints: 2923

    JJ:

    only 5 percent allocated to bitcoins.

    Don't overload - too volatile.
    Reply With Quote Reply With Quote
  11. 08-05-22 11:04 AM #11
    johnnyvegas13
    johnnyvegas13's Avatar SBR PRO
    Join Date: 05-21-15
    Posts: 26,177
    Betpoints: 234

    Unless sports close down do not care
    Reply With Quote Reply With Quote
  12. 08-05-22 12:46 PM #12
    KVB
    It's not what they bring...
    KVB's Avatar SBR PRO
    Join Date: 05-29-14
    Posts: 74,849
    Betpoints: 7576

    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.
    Reply With Quote Reply With Quote
  13. 03-12-23 05:25 PM #13
    Snowball
    Snowball's Avatar SBR PRO
    Join Date: 11-15-09
    Posts: 30,021
    Betpoints: 3780

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

    DeSantis just ahead of Trump.

    https://www.predictit.org/markets/de...ial-nomination
    Reply With Quote Reply With Quote
Top
« Previous Thread | Players Talk | Next Thread »