Please read this. The CFTC is the Commodity Futures Trade Commission, a governmental body, and “Event Contracts” and “Event Markets” are government-speak for Prediction Markets.
It will be interesting to see what their conclusions will be. We are not aware of any need for governmental regulation in this sector, and are of the opinion that none is needed unless further information should arise.
I would have to wait and see what exactly they would feel obliged to regulate before I weigh in on this one. Although, knowing my anti-big government opinions, I would probably be opposed to most things that may seem detrimental to market efficiencies.