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Crushing information markets

Shutting down a website that allows betting on outcomes. Seems ran afoul of the law and I wonder if that law was Frist’s bill banning poker but not horse betting? Via Oleg, who notes: The only way totalitarian governments can exist in the long run is by suppressing accurate information.

2 Responses to “Crushing information markets”

  1. Standard Mischief Says:

    >>Why doesn’t Intrade just obey the complicated law and become a licensed exchange? They tried, but the CFTC won’t give them a license.

    CFTC needs to go “shall issue”

  2. Chas Says:

    Freedom counts for nothing with the government in Obamamerica.