Will PredictIt still be operating markets *in the US* in March 2023?
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28
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resolved Mar 1
Resolved
YES

Resolves YES if PredictIt is still operating markets in the US on March 1, 2023, otherwise NO.

See this other market for whether PredictIt is still operating somewhere in the world: https://manifold.markets/jack/will-predictit-still-be-operating-m

Background: https://www.predictit.org/platform-announcements

Notice to Traders - August 4th 2022

The staff of the Commodity Futures Trading Commission (CFTC) has taken action on 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.

https://www.cftc.gov/PressRoom/PressReleases/8567-22

DMO has determined that Victoria University has not operated its market in compliance with the terms of the letter and as a result has withdrawn it. As stated in the withdrawal letter issued today, to the extent that Victoria University is operating any contract market in a manner consistent with each of the terms and conditions provided in CFTC Letter 14-130, all related and remaining listed contracts and positions comprising all associated open interest in such market should be closed out and/or liquidated no later than 11:59 p.m. (EDT) on February 15, 2023.

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PredictIt is US only right? Is the other market for if they decide to change that?

predictedYES

Yeah that's my understanding. The difference between the two markets would be if they change it

So if PredictIt says they are only operating existing markets to wind them down and not creating new markets, how will this resolve? If it's No, then this the same as my market right? https://manifold.markets/ahalekelly/will-predictit-create-any-new-marke
predictedNO
@ahalekelly It resolves yes in that case. Note that in order to keep operating even existing markets would be a change from the CFTC ruling
@jack right, thanks for the clarification.
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