Legality of Prediction Markets and Dacs

Started by clout, January 28, 2014, 01:50:31 AM

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Markus

When you say they are not legal, which jurisdiction are you referring to?

clout

What happens when the government realizes that bitshares x exist as an unregulated futures market? I feel like the logical response is to condemn and criminalize the exchange of bitshares. I don't think the government realizes that this is where the bitcoin technology is going. They still think that bitcoin is merely a currency. While I realize the potential merits of prediction markets, the simple fact is that they are not legal.