Regulation of the Prodiction Markets

Regulation is a huge challenge for all prediction market companies. The c f t c, which i believe stands for like the commodities, futures trading commission, has very strict standards for determining whether a prediction market is is allowed ender. Their view is that prediction markets should be used for hedging purposes by other financial institutions. And they interstainartions prodiction market is like meving, just like a futures market. People can lose their life savings trading in very stupid ways. But ife, if normalize these kinds of things, we will get extremely valuable and increase utility to society. Rikes: "The benefits o society would be gigantic"