Why economists love Intrade — and why the government hates it

Economists love prediction markets like Intrade. But the U.S. government has long been skeptical of such sites. Is it time for that change?

That question popped up again this week after federal regulators filed a lawsuit against Intrade, a popular Web site that allows people to wager on the outcome of elections and other political events. [cont.]

Brad Plumer, Washington Post

See also: Eric Zitzewitz: The folly of making political prediction markets like Intrade illegal