Gambling on Politics: An Inside Look at the Issue That's Driving the CFTC Crazy

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For some eight years, the CFTC has allowed traders, investors, lobbyists, congressional staff – pretty much anybody – to bet on politics by buying financial contracts on the PredictIt market. The catch, however, is that the whole operation is an experiment, run by a university, for research purposes.

The unusual setup, it turned out, was very beneficial …