If there’s one thing the (formerly “liberal”) Democrats hate, it’s the free flow of information.

From the PredictIt website:

Notice to Traders – August 4th 2022
The staff of the Commodity Futures Trading Commission (CFTC) has withdrawn the No-Action letter (NAL) issued to Victoria University of Wellington and under which PredictIt has operated since 2014.

Here’s what you need to know:

  • The security of trader funds will not be affected by this action
  • We intend to continue operating existing markets for trading through Feb. 15, 2023 unless they resolve sooner under their respective market rules
  • In light of this decision, we are halting the addition of new markets
  • No determination has been made on how markets with end dates after Feb. 15 will be settled
  • PredictIt will continue to accept deposits and new signups
  • PredictIt will continue to honor all withdrawal requests

PredictIt maintains that all open markets are within the terms of the No-Action letter. We know our PredictIt community is incredibly strong and committed to this project. If you want to respectfully comment on this action, you can submit your comments to the CFTC here.

We will continue to update this page with additional information as it becomes available. Thank you for being a PredictIt trader!

Experience Revolver without ads

Hide ads now

In case you weren’t aware, PredictIt is a betting market where people can bet on things like… whether or not Joe Biden will resign during his first term.

Yet another thing we lose during the phony Biden administration that Trump would have saved.

Thanks Obama Joe Biden.