Friday, December 07, 2012
Last week the popular prediction market Intrade announced it would shut its doors to Americans after being sued by US regulators. US regulators have accused InTrade of violating the ban on off-exchange options trading - in other words, gambling. But others argue that sites like InTrade can be better predictors than pundits or polls. The New York Times’ Washington Bureau Chief David Leonhardt makes the case for prediction markets to Bob.
White Rabbits - Back For More
Friday, January 06, 2012
After years of holding that the 1961 Federal Wire Act made online gambling that crossed state lines illegal, the Department of Justice reversed itself on December 24th, 2011, giving the states a huge gift. Bob speaks with gambling expert I. Nelson Rose, who says that cash-strapped states are now likely to loosen rules on online gambling, and that will mean big money and new jobs.