Thursday, Dec. 20, 2012 | 2 a.m.
The prediction market website known as Intrade, which was closed at the end of last month by the Commodity Futures Trading Commission, should be allowed. The commission already knew that Intrade was allowing U.S. customers to set up and operate accounts so they could basically gamble, or some might say predict such things as elections, world affairs, Supreme Court cases, etc.
Some say online gambling enables problem gamblers or underage gamblers, but since legal online poker looks like a done deal, how is this any different?
Whether Intrade is classified as a commodity website should be considered a minor detail since commodities, stocks or prediction markets are all gambles, plus citizens of legal age shouldn’t be denied online gambling access. It’s their money to lose.