Friday, April 27, 2007

Are Political Futures Legit?

According to a Slate Explainer, the prediction market on whether political futures markets are legal appears to be trading in mixed volume.

But at least one Democratic congressman doesn't think there's any doubt in the matter. Rep. Barney Frank (D-Mass.), chairman of the Financial Services Committee, held a press conference yesterday to introduce legislation to repeal the ban on online gambling passed by Congress last year.

"This is about freedom," Frank said. "I'm not just concerned with poker. What's next? Mahjong?"

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