Comment Text:
Prediction markets are an invitation to corruption, insider trading and commodification of events that belong outside the market. Experience already shows them to be rife with practices that range from dubious to unethical, exploitative and illegal. the Commission should explicitly prohibit event contracts related to military operations, acts of war, terrorism, political assassinations, and non-financial government policy decisions as contrary to the public interest. It should tightly regulate event prediction markets, protect market integrity and strengthen surveillance and enforcement of clear ethical standards. The public welfare must come before rigid market ideologies and unrestrained, dangerous financial speculations.
