S. Primary Menu. 9 in US Federal District Court for the Western District of Texas in response to CFTC action to force a wind-down of the popular event. There are tens of thousands of PredictIt traders with modest investments and quality research done by. WASHINGTON, Feb. The action follows a lawsuit filed on Sept. WASHINGTON, Oct. Watch Live đș; News. News. Aristotle is the contract service provider for PredictIt. (Christopher. News. According to New York Magazine, McElwee had bet $20,000 on PredictIt that Joe Biden would win the 2020 presidential election. Primary Menu. threatens to harm not only the value of modest investments of more than 80,000 PredictIt. 1 day ago · PredictIt is a political futures exchange operating out of the Victoria University of Wellington in New Zealand. . WASHINGTON â October 6, 2022 â ( Newswire. The lawsuit was filed in Texas, because Kevin Clarke, a trader in the case, lives there. Share. 03, 2022 (GLOBE NEWSWIRE) -- October 3, 2022 â PredictIt traders, academic users and market technology pioneer Aristotle filed a preliminary injunction against the Commodity. . Additional Plaintiffs Join 'Predictit' Lawsuit Against CFTC. The action follows a lawsuit filed on Sept. The Commodity Futures Trading Commission building in Washington, DC. This is unbelievable. 9 in US Federal District Court for the Western District of Texas in response to CFTC action to force a wind-down of the. [Image: Shutterstock. Listen. The action follows a lawsuit filed on Sept. 03, 2022 (GLOBE. 9 in US Federal District Court for the Western District of Texas in response to CFTC action to force a wind-down of the popular event. ### Contact Information: Brandi Travis . PredictItInjunction would allow existing 2024 markets to remain open through their natural conclusions for the benefit of traders, university educators and journalists. The spokesman said that âthe specifics were outlinedâ to Victoria University, but the lawsuit filed by PredictIt, academics and traders on Sept. WASHINGTON, Oct. Please enter a search term. Washington, DC, Oct. Local News; Virginia News; UVA Deadly Shooting; Whatâs Trending?Please enter a search term. On Mar. com PredictIt, a platform that allows customers to wager on political and financial events, is under fire by US regulators that seek to shut down the exchange. The CFTC declined to comment on the. . WASHINGTON, Oct. These plaintiffs include PredictIt, its operator Aristotle, and a group of affected users. threatens to harm not only the value of modest investments of more than 80,000 PredictIt. 9 in US Federal District Court for the Western District of Texas in response to CFTC action to force a wind-down of the popular event. 03, 2022 (GLOBE NEWSWIRE) -- October 3, 2022 â PredictIt traders, academic users and market technology pioneer Aristotle filed a. The action follows a lawsuit filed on Sept. Federal District Court for the Western District of Texas. S. . Washington, DC, Oct. St. PredictIt â an 8-year-old trading hub where thousands of Washington insiders and politically savvy investors wager on everything from whether President Joe Biden will be his partyâs 2024 nominee. The CFTC withdraw its August letter, reissuing a preliminary shutdown decision. 9 in US Federal District Court for the Western District of Texas in response to CFTC action to force a wind-down of the popular event prediction market, PredictIt. PredictIt must close all open markets by February 15, 2023. 25% chance. PredictIt will not open any new betting. The CFTC wants the Fifth Circuit to lift an injunction it placed on the agency earlier this year at the request of PredictIt and other plaintiffs in a federal lawsuit filed to keep the exchange. Local News; Digital Originals; Central Illinois NewsdayPredictIt traders, academic users and market technology pioneer Aristotle filed a preliminary injunction against the Commodity Futures Trading Commission (CFTC). , sued the commission in September in Austin, Texas federal court. 9 in US Federal District Court for the Western District of Texas in response to CFTC action to force a wind-down of the. WASHINGTON, Feb. . PredictIt, a market that built its name by letting Americans bet on who will be elected to Congress or the next president, has lost its legal authority to operate in. News. 12, 2022 (GLOBE NEWSWIRE) -- On Friday, PredictIt traders, academic users and market technology pioneer Aristotle filed a lawsuit in U. com) - Aristotle International announced today that more than a dozen plaintiffs in the PredictIt lawsuit against the Commodity Futures Trading Commission. Requests for the full text of the lawsuit and other press inquiries should be directed to press@aristotle. â William Eden (@WilliamAEden) August 5, 2022 Jake is wagering on the speaker contest at PredictIt, one of the only legal platforms in the U. S. PredictIt is a political futures exchange operating out of the Victoria University of Wellington in New Zealand. com) â More than a dozen plaintiffs are now part of a lawsuit seeking answers from the Commodity Futures Trading Commission (CFTC) on their decision to withdraw No-Action Relief granted in 2014 allowing the popular election prediction market, PredictIt, to operate in the United States. Injunction would allow existing 2024 markets to remain open through their natural conclusions for the benefit of traders, university educators and journalists. 9 in US Federal District Court for the Western. There are tens of thousands of PredictIt traders with modest investments and quality research done by more than 200 academic research partners that rely on the use of the. Live Streaming; Iowa News; Metro News; Digital OriginalsAristotle is the contract service provider for the PredictIt Market, which has operated under No-Action Relief CFTC 14-130 since 2014. October 3, 2022 â PredictIt traders. 9 in US Federal District Court for the Western District of Texas in response to CFTC action to force a wind-down of the. The court allowed PredictIt to keep existing markets open for trading until Feb. S. Lawyers for the Commodity Futures Trading Commission (CFTC) submitted a new document to the Fifth Circuit Court of Appeals on June 28, drawing the courtâs attention to a recent Supreme Court decision. . , sued the commission in September in Austin, Texas federal court. 9 in US Federal District Court for the Western. WASHINGTON, Oct. . 9 in US Federal District Court for the Western District of Texas in response to CFTC action to force a wind-down of the popular event prediction market, PredictIt. WASHINGTON, February 9, 2023 (Newswire. The site is now in danger of being shut down by government regulators. There are tens of thousands of PredictIt traders with modest investments and quality research done by. 03, 2022 (GLOBE NEWSWIRE) â PredictIt traders, academic users and market technology pioneer Aristotle filed a preliminary injunction against the Commodity Futures Trading Commission (CFTC) for the purpose of allowing continued trading in existing PredictIt markets, including those tracking the 2024 presidential election, while t. WASHINGTON, Sept. 9 in US Federal District Court for the Western District of Texas in response to CFTC action to force a wind-down of the. PredictIt, several of its traders and academic users, and technology provider Aristotle International have filed a lawsuit seeking to block the Commodity Futures. PredictIt, several of its traders and academic users, and technology provider Aristotle International have filed a lawsuit seeking to block the Commodity Futures Trading Commission (CFTC) from. In the 2014 no-action letter, the CFTC set. PredictIt, a market that American political junkies have long used to bet on elections, sued the main US derivatives regulator for revoking its legal authority to. 12, 2022 (GLOBE NEWSWIRE) -- On Friday, PredictIt traders, academic users. The lawsuit between PredictIt and the CFTC continues with the former body hoping that its opponent will be found in contempt Image Source: Shutterstock. Updated: Nov 23, 2022. PredictIt must close all open markets by February 15, 2023. S. Primary Menu. is on the verge of being shut downâeven though studies suggest. Nelson Wang 9/15/2022. WASHINGTON â October 6, 2022 â ( Newswire. CFTC Also Seek to Dismiss PredictIt Lawsuit. Marketing Director [email protected] (202) 903-4221WASHINGTON, Oct. com (202) 903-4221 Press. Washington, DC, Oct. Requests for the full text of the lawsuit and other press inquiries should be directed to [email protected]. 10 basic car maintenance tips that can save you money 11 hours agoOn Friday, PredictIt and other plaintiffs in a lawsuit against the CFTC filed a motion requesting a federal judge make a ruling soon on an injunction to allow its political futures trading markets. Additional plaintiffs join the Predictit lawsuit against the CFTC. However, it gave the university assurances that it would not take enforcement action against a small exchange for research purposes. . . Choose the data, choose the models (ARIMA, regressions, LSTM. PredictIt is suing to maintain its markets for political contests, together with the 2024 presidential election, open previous Feb. 12, 2022 (GLOBE NEWSWIRE) -- On Friday, PredictIt traders, academic users and market technology pioneer Aristotle filed a lawsuit in U. 03, 2022 (GLOBE NEWSWIRE) -- October 3, 2022 â PredictIt traders, academic users and market technology pioneer Aristotle filed a. Primary Menu. . The crash was dire because when it happened, the chances of a particular candidate winning transformed. WASHINGTON, Sept. The Commission sent a letter on Aug. The CFTCâs Division of Market Oversight did not say how PredictIt violated the letter. If the arbitrator finds the arbitration to be non-frivolous, PredictIt will pay all of the actual filing and arbitrator fees for the arbitration, provided your claim does not exceed $75,000. WASHINGTON, Oct. Talk to your lawyers yâall. . . 03, 2022 (GLOBE NEWSWIRE) â PredictIt traders, academic users and market technology pioneer Aristotle filed a preliminary injunction against the. m. WASHINGTON, Oct. In that decision, the federal agency said all outstanding markets should be liquidated by Feb. There are tens of thousands of PredictIt traders with modest investments and quality research done by more than 200 academic research partners that relies on the use of. The action follows a lawsuit filed on Sept. com) - More than a dozen plaintiffs are now part of a lawsuit seeking answers from the Commodity Futures Trading Commission (CFTC) on their decision to withdraw No-Action Relief granted in 2014 allowing the popular election prediction market, PredictIt, to operate in the United States. [Image: Shutterstock. 06, 2022 (GLOBE NEWSWIRE) -- More than a dozen plaintiffs are now part of a lawsuit seeking answers from the Commodity Futures Trading. 9 in US Federal District Court for the Western District of Texas in response to CFTC action to force a wind-down of the. August 6, 2022 at 2:00 PM EDT PredictIt, a market that built its name by letting Americans bet on who will be elected to Congress or the next president, has lost its legal authority to operate in. The site is now in danger of being shut down by government regulators. PredictItAn exterior shot of the US Capitol in Washington, DC. PredictIt, several of its traders and academic users, and technology provider Aristotle International have filed a lawsuit seeking to block the Commodity Futures Trading Commission (CFTC) from. CFTC to Fifth Circuit: PredictIt Plaintiffsâ Lack Standing, Injuries Not Cognizable. EST. 03, 2022 (GLOBE. 4 min As the 2022 midterm elections approach, the liberal polling bias of 2020 still casts a shadow over American politics. The action follows a lawsuit filed on Sept. Washington, DC, Sept. Washington, DC, Oct. The action follows a lawsuit filed on Sept. PredictIt traders, academic users and market technology pioneer Aristotle filed a preliminary injunction against the Commodity Futures Trading Commission (CFTC). Updated: Jan 18, 2023 Hope springs eternal for PredictIt, as the Commodities & Futures Trading Commission (CFTC) has failed in its attempt to have the formerâs court case thrown out. News. See full list on casino. After the deadline, PredictIt is requested to liquidate all remaining markets, including those for the 2024 presidential election. 9 in US Federal District Court for the Western District of Texas in response to CFTC action to force a wind-down of the. 9 in US Federal District Court for the Western District of Texas in response to CFTC action to force a wind-down of the popular event. Contact Data Brandi Travis Chief Marketing Officer [email protected] International announced today that more than a dozen plaintiffs in the PredictIt lawsuit against the Commodity Futures Trading Commission (CFTC) received a hearing on their case before a. Updated January 24, 2023 at 10:23 a. com) More than a dozen plaintiffs are now part of a lawsuit seeking answers from the Commodity Futures Trading Commission (CFTC) on their decision to. 06, 2022 (GLOBE NEWSWIRE) -- More than a dozen plaintiffs are now part of a lawsuit seeking answers from the Commodity Futures Trading Commission (CFTC) on their decision to. On Monday, a federal decide in Texas issued a suggestion that PredictItâs lawsuit towards the CFTC be moved to a federal courtroom in Washington DC. 15. com. com) More than a dozen plaintiffs are now part of a lawsuit seeking answers from the Commodity Futures Trading Commission (CFTC) on their decision to. Updated: Nov 23, 2022 Things have heated up quickly since the Commodity Futures Trading Commission (CFTC) filed a motion to dismiss the lawsuit seeking to avert PredictIt âs shutdown. WASHINGTON, Oct. PredictIt is a New Zealand -based online prediction market that offers exchanges on political and financial events. PredictIt is a political futures exchange operating out of the Victoria University of Wellington in New Zealand. They are also backed by two investors who say the. 2, the Commission sent a new letter to PredictIt sponsor and founder, Victoria University of Wellington in New Zealand. Federal District Court for the Western. October 3, 2022 â PredictIt traders, academic users and market technology pioneer Aristotle filed a preliminary injunction against the Commodity Futures TradingPredictItThe action follows a lawsuit filed on Sept. One of the most popular platforms to bet on election outcomes in the United States will shut down in early 2023. S. [3] The company's office is located in Washington, D. Aristotle is the contract. . 09, 2023 (GLOBE NEWSWIRE) -- Aristotle International announced today that more than a dozen plaintiffs in the PredictIt lawsuit against the Commodity Futures Trading Commission. 03, 2022 (GLOBE NEWSWIRE) â PredictIt traders, academic users and market technology pioneer Aristotle filed an injunction against the Commodity Futures Trading Commission (CFTC) to allow continued trading on existing PredictIt markets, including this one the prosecution of the 2024 presidential election. The platform said in a federal court filing on Friday that the Commodity Futures Trading Commission moved to halt trading in its contracts last month âarbitrarily. PredictIt traders, academic users and market technology pioneer Aristotle filed a preliminary injunction against the Commodity Futures Trading Commission (CFTC) for the purpose of allowing continued trading in existing PredictIt markets, including those tracking the 2024 presidential election, while the court considers overturning the CFTC's. The CFTC does not typically authorize the trading of political predictions as commodity futures. 09, 2023 (GLOBE NEWSWIRE) -- Aristotle International announced today that more than a dozen plaintiffs in the PredictIt lawsuit against the Commodity Futures Trading Commission. com) - More than a dozen plaintiffs are now part of a lawsuit seeking answers from the Commodity Futures Trading Commission (CFTC) on their decision to. Small Victories for. Things have heated up quickly since the Commodity Futures Trading Commission (CFTC) filed a motion to dismiss the lawsuit seeking to avert PredictIt âs shutdown. Injunction would allow existing 2024 markets to remain open through their natural conclusions for the benefit of traders, university educators and journalists. Nelson Wang 9/15/2022 PredictIt, several of its traders and academic users, and technology provider Aristotle International have filed a lawsuit seeking to block the Commodity Futures Trading. Washington, DC, Oct. 03, 2022 (GLOBE NEWSWIRE) -- October 3, 2022 â PredictIt traders, academic users and market technology pioneer Aristotle filed a. 03, 2022 (GLOBE NEWSWIRE) -- PredictIt traders, academic users and market technology pioneer Aristotle filed a preliminary injunction. Washington, DC, Oct. 9 in US Federal District Court for the Western District of Texas in response to CFTC action to force a wind-down of the. Victoria University in Wellington told Casino. PredictIt, along with several traders and researchers who use the exchange, sued in a Texas federal court to block the CFTC from taking action. Oral arguments in the case have been scheduled for Wednesday, but the Fifth Circuit Court of Appeals. WASHINGTON, Feb. com) More than a dozen plaintiffs are now part of a legal battle to get answers from the Commodity Futures Trading Commission (CFTC) over its decision to withdraw the 2014 no-action relief that enables the popular election prediction market. 9 in US Federal District Court for the Western. Most Popular Las Vegas-Based $500M Ponzi Scheme Leads to Lawsuit Against Wells FargoSeveral investor and academic plaintiffs, many located in the Austin area served by the US District Court for the Western District of Texas added to lawsuit; seek injunctive reliefThe action follows a lawsuit filed on Sept. . Several investor and academic plaintiffs, many located in the Austin area served by the US District Court for the Western District of Texas added to lawsuit; seek injunctive reliefWASHINGTON, Oct. The. com (202) 903-4221 Press. The plaintiffs countered with a motion seeking to expedite the hearing. 2022 CFTC Action letter On August 4, 2022, the CFTC announced that Victoria University has not operated PredictIt in compliance with the terms of the no-action letter and as a result the no-action letter had been withdrawn. Washington, DC, Oct. News. 06, 2022 (GLOBE NEWSWIRE) -- More than a dozen plaintiffs are now part of a lawsuit seeking answers from the Commodity Futures Trading Commission (CFTC) on their decision to. The action follows a lawsuit filed on Sept. S. The CFTC does not typically authorize the trading of political predictions as commodity futures. Several investor and academic plaintiffs, many located in the Austin area served by the US District Court for the Western District of Texas added to lawsuit; seek injunctive reliefWASHINGTON, Oct. Updated: Nov 23, 2022 Things have heated up quickly since the Commodity Futures Trading Commission (CFTC) filed a motion to dismiss the lawsuit seeking to avert PredictIt âs shutdown. Washington, DC, Oct. Become a Subscriber. PredictIt traders, academic users and market technology pioneer Aristotle filed a preliminary injunction against the Commodity Futures Trading Commission (CFTC) for the purpose of allowing continued trading in existing PredictIt markets, including those tracking the 2024 presidential election, while the court considers overturning the CFTC's. S. PredictIt traders, academic users and market technology pioneer Aristotle filed a preliminary injunction against the Commodity Futures Trading Commission (CFTC) for the purpose of allowing continued trading in existing PredictIt markets, including those tracking the 2024 presidential election, while the court considers overturning the CFTC's. WASHINGTON, Sept. Theyâre hoping to obtain a preliminary injunction before Christmas. Please enter a search term. 12, 2022 (GLOBE NEWSWIRE) -- On Friday, PredictIt traders, academic users, and market technology pioneer Aristotle filed a lawsuit in US Federal District Court for the. CFTC Releases PredictIt Allegations The new letter and the court filing provide additional insights into why the CFTC sought to shut down PredictIt. John Aristotle Phillips founded PredictIt, a website that lets traders bet on the outcomes of political events. On Mar. The CFTC does not typically authorize the trading of political predictions as commodity futures. All they had to do was wait an extra few weeks to Jan 6 or 20, then. Theyâre hoping to obtain a preliminary injunction before Christmas. The New PredictIt Case Schedule. The Fifth Circuit clerk issued a briefing schedule for the appeal on Jan 18, 2023. News. Several investor and academic plaintiffs, many located in the Austin area served by the US District Court for the Western District of Texas added to lawsuit; seek injunctive reliefWASHINGTON, Oct. WASHINGTON, Oct. S. . Aristotle is the contract service provider for the PredictIt Market, which has operated under No-Action Relief CFTC 14-130 since 2014. Several investor and academic plaintiffs, many of whom reside in the Austin area served by the US District Court for the Western District of Texas, have been added to the lawsuit; seek injunctive relief. CFTC to Fifth Circuit: PredictIt Plaintiffsâ Lack Standing, Injuries Not Cognizable. 15, as recommended by the CFTC. The action follows a lawsuit filed on Sept. PredictIt traders, academic users and market technology pioneer Aristotle filed a preliminary injunction against the Commodity Futures Trading Commission (CFTC) for the purpose of allowing continued trading in existing PredictIt markets, including those tracking the 2024 presidential election, while the court considers overturning the CFTC's. [1] McElwee left the firm in November 2022 amidst allegations of gambling on election results and artificially manipulating polling results to affect races that he had bet money on. Washington, DC, Oct. PredictIt is The Stock Market for Politics. Now, a lawsuit is underway to keep the site up and running. WASHINGTON, Sept. The CFTC has essentially had its hand forced into outlawing PredictIt. The commission has sought to either have the case. Missing from the case, however, is Victoria University. com. 09, 2023 (GLOBE NEWSWIRE) -- Aristotle International announced today that more than a dozen plaintiffs in the PredictIt lawsuit against the Commodity Futures Trading Commission. 9 in US Federal District Court for the Western District of Texas in response to CFTC action to force a wind-down of the popular event prediction market. Injunction would allow existing 2024 markets to remain open through their natural conclusions for the benefit of traders, university educators andThe CFTC filed to dismiss PredictIt's lawsuit in a federal appeals court and made public its claims against the political futures exchange. Trusted News Discovery Since 2008. 9 in US Federal District Court for the Western District of Texas in response to CFTC action to force a wind-down of the popular event prediction market, PredictIt. Lawyers for the Commodity Futures Trading Commission (CFTC) submitted a new document to the Fifth Circuit Court of Appeals on June 28, drawing the courtâs attention to a recent Supreme Court decision. November 14, 2022 Saved Stories On Tuesday evening, I logged on to PredictIt, Americaâs favorite political-betting site, to watch the Election Night chaos ensue. 12, 2022 (GLOBE NEWSWIRE) -- On Friday, PredictIt traders, academic users and market technology pioneer Aristotle filed a lawsuit in U. More than a dozen plaintiffs are now part of a lawsuit seeking answers from the Commodity Futures Trading Commission (CFTC) on their decision to withdraw No-Action Relief granted in 2014 allowing. S. Federal District Court for the Western District of Texas. Press inquiries should be directed to press@. The plaintiffs countered with a motion seeking to expedite the hearing. com] No more looking the other way Popular political betting exchange PredictIt may be on its way out. WASHINGTON, Sept. 9 in US Federal District Court for the Western. President Joe Biden speaks in Philadelphia on Sept. C. John Aristotle Phillips founded PredictIt, a website that lets traders bet on the outcomes of political events. 09, 2023 (GLOBE NEWSWIRE) -- Aristotle International announced today that more than a dozen plaintiffs in the PredictIt lawsuit against the Commodity Futures Trading Commission. S. It includes the following due dates: Jan 25, 2023: Plaintiffsâ brief. 03, 2022 (GLOBE NEWSWIRE) -- PredictIt traders, academic users and market technology. PredictIt, a platform that allows customers to wager on political and financial events, is under fire by US regulators that seek to shut down the exchange. Please enter a search term. 09, 2023 (GLOBE NEWSWIRE) -- Aristotle International announced today that more than a dozen plaintiffs in the PredictIt lawsuit against the Commodity Futures Trading Commission. The lawsuit between PredictIt and the CFTC continues with the former body hoping that its opponent will be found in contempt Image Source: Shutterstock. The action follows a lawsuit filed on Sept. Requests for the full text of the motion and other press. The action follows a lawsuit filed on Sept. The Commission has also requested the institution that formed PredictIt nine years ago to. ### Contact Information: Brandi Travis Marketing Director press@aristotle. companies who manage it, including founder John Aristotle Philipsâ firm Aristotle International Inc. The action follows a lawsuit filed on Sept. On Thursday, the federal agency notified PredictIt that it was pulling its âno-actionâ letter, a move that prompted the. By Ben Terris. Live Newscasts; Live Streams; Live National; Video ClipsPlease enter a search term. WASHINGTON, Oct. 9 in US Federal District Court for the Western District of Texas in response to CFTC action to force a wind-down of the popular event prediction market, PredictIt. A motion for a preliminary injunction was filed on Sept. 14/11/2022 00:02:00 1-888-992-3836 Free Membership Login. In the process, the Post tried to get some clarity on what terms of the no-action letter PredictIt violated, apparently without success: CFTC to Fifth Circuit: PredictIt Plaintiffsâ Lack Standing, Injuries Not Cognizable. 03, 2022 (GLOBE NEWSWIRE) -- October 3, 2022 â PredictIt traders, academic users and market technology pioneer Aristotle filed a preliminary injunction against the Commodity. 9 in US Federal District Court for the Western District of Texas in response to CFTC action to force a wind-down of the. Las Vegas Health Department Closes Planet. 15, as recommended by the CFTC. Please enter a search term. Please enter a search term. Aristotle International announced today that more than a dozen plaintiffs in the PredictIt lawsuit against the Commodity Futures Trading Commission (CFTC) received a hearing on their case before a. . News. Injunction would allow existing 2024 markets to remain open through their natural conclusions for the benefit of traders, university educators and journalists. Most Popular. . âPREDICTITâ LAWSUIT PLAINTIFFS FILE PRELIMINARY INJUNCTION TO ALLOW TRADING PAST DEADLINE. PredictIt traders, academic users and market technology pioneer Aristotle filed a preliminary injunction against the Commodity Futures Trading Commission (CFTC)Injunction would allow existing 2024 markets to remain open through their natural conclusions for the benefit of traders, university educators and journalists. Now, a lawsuit is underway to keep the site up and running. . 12, 2022 (GLOBE NEWSWIRE) -- On Friday, PredictIt traders, academic users and market technology pioneer Aristotle filed a lawsuit in U. However, some of the principal plaintiffs, namely PredictIt, Inc. 9 in US Federal District Court for the Western District of Texas in response to CFTC action to force a wind-down of the. . Injunction would allow existing 2024 markets to remain open through their natural conclusions for the benefit of traders, university educators and. Aristotle International announced today that more than a dozen plaintiffs in the PredictIt lawsuit against the Commodity Futures Trading Commission (CFTC) received a hearing on their case before a panel of three federal judges of the United States Court of Appeals for the Fifth Circuit. 9 in US Federal District Court for the Western. WASHINGTON, October 6, 2022 (Newswire. 06, 2022 (GLOBE NEWSWIRE) -- More than a dozen plaintiffs are now part of a lawsuit seeking answers from the Commodity Futures Trading Commission (CFTC) on their decision to. Aristotle is the contract service provider for the PredictIt Market, which has operated under No-Action Relief CFTC 14-130 since 2014. Louis News; Missouri News; Illinois News; National NewsOctober 3, 2022 â PredictIt traders, academic users and market technology pioneer Aristotle filed a preliminary injunction against the Commodity Futures Trading. Several investor and academic plaintiffs, many located in the Austin area served by the US District Court for the Western District of Texas added to lawsuit; seek injunctive reliefWASHINGTON, Oct. WASHINGTON, Feb. PredictIt traders, academic users and market technology pioneer Aristotle filed a preliminary injunction against the Commodity Futures Trading Commission (CFTC) for the purpose of allowing continued trading in existing PredictIt markets, including those tracking the 2024 presidential election, while the court considers overturning the CFTC's. S. WASHINGTON â October 6, 2022 â ( Newswire. The lawsuit filed today seeks CFTC disclosures, questions legality of interference with PredictItWashington, DC, Sept. Local News; Local Arts and Culture; Crime; 4 The RecordAristotle is the contract service provider for the PredictIt Market, which has operated under No-Action Relief CFTC 14-130 since 2014. companies who manage it, including founder John Aristotle Philipsâ firm Aristotle International Inc. However, it gave the university assurances that it would not take enforcement action against a small exchange for research purposes. WASHINGTON, October 3, 2022 (Newswire. Why Is It Mostly Illegal? The only such market of any size in the U. Washington, DC, Oct. 15, 2023 â the Victoria University of Wellington in New Zealand site for. The action follows a lawsuit filed on Sept. PredictIt, several of its traders and academic users, and technology provider Aristotle International have filed a lawsuit seeking to block the Commodity Futures Trading Commission (CFTC) from. 9 in US Federal District Court for the Western District of Texas in response to CFTC action to force a wind-down of the popular event. for political wagering. com PredictIt , a platform that allows customers to wager on political and financial events, is under fire by US regulators that seek to shut down the exchange . There are tens of thousands of PredictIt traders with modest investments and quality research done by. org the plaintiffs âlikelyâ will give in an objection regarding Laneâs recommendation to Yeakel. Nelson Wang 9/15/2022 PredictIt, several of its traders and academic users, and technology provider Aristotle International have filed a lawsuit seeking to block the Commodity Futures Trading. PredictIt could be gone by February 15, 2023 after the Commodity Futures Trading Commissionâs (CFTC) Division of Market Oversight (DMO) pulled its no-action letter. 9 tells a different story. More than a dozen plaintiffs are now part of a legal battle to get answers. However, it gave the university assurances that it would not take enforcement action against a small exchange for research purposes. However, it gave the university assurances that it would not take enforcement action against a small exchange for research purposes. WASHINGTON, Feb. Contact Information: Brandi Travis. These questions and court cases and procedures are still in play on the state level and on the federal level. Kalshi is ready to challenge the CFTC if it denies its request. 9 in US Federal District Court for the Western District of Texas in response to CFTC action to force a wind-down of the. Federal District Court for the Western. Background: Unpredictable Future of Political Prediction Markets / Why I'm Suing the Federal Government over PredictIt Resolves YES if the PredictIt's suit is resolved before the end of 2023 and "allow[s] all existing markets to resolve in an orderly manner past February 2023"Press release content from Globe Newswire. 15. 9 in US Federal District Court for the Western District of Texas in response to CFTC action to force a wind-down of the popular event. The action follows a lawsuit filed on Sept. WASHINGTON, Sept. The. PredictIt was an exception in that the market was built to be a research project from Victoria University that would give academics from around the world a way to collect and study data on trading. The site crashed yesterday night when it was giving details on the US presidential election. . There are tens of thousands of PredictIt traders with modest investments and quality research done by more than 200 academic research partners that rely on the use of the. The Commodity Futures Trading Commission (CFTC) revoked the operating permission it issued to PredictIt in 2014, stating that the platform had violated the terms of the agreement. and Aristotle International, Inc. The AP news staff was not involved in its creation. The action follows a lawsuit filed on Sept. The withdrawal of that permission by the CFTC precipitated the lawsuit. Aristotle is the contract service provider for the PredictIt Market, which has operated under No-Action Relief CFTC 14-130 since 2014. There are tens of thousands of PredictIt traders with modest investments and quality research done by. . Washington, DC, Oct. A federal appeals court on Tuesday denied a motion by the Commodity Futures Trading Commission to dismiss a lawsuit filed by PredictIt last. The lawsuit between PredictIt and the CFTC continues with the former body hoping that its opponent will be found in contempt Image Source: Shutterstock. 03, 2022 (GLOBE NEWSWIRE) â PredictIt traders, academic users and market technology pioneer Aristotle filed a preliminary injunction against the Commodity Futures Trading Commission (CFTC) for the purpose of allowing. The action follows a lawsuit filed on Sept. The platform said in a federal court filing on Friday that the Commodity Futures Trading Commission moved to halt trading in its contracts last month. Primary Menu. The company will continue to operate open markets and player funds are safe. Lawyers for the Commodity Futures Trading Commission (CFTC) submitted a new document to the Fifth Circuit Court of Appeals on June 28, drawing the courtâs attention to a recent Supreme Court decision. 2022 CFTC Action letter On August 4, 2022, the CFTC announced that Victoria University has not operated PredictIt in compliance with the terms of the no-action letter and as a result the no-action letter had been withdrawn. 9 in US Federal District Court for the Western District of Texas in response to CFTC action to force a wind-down of the popular event. com) More than a dozen plaintiffs are now part of a legal battle to get answers from the Commodity Futures Trading Commission (CFTC) over its decision to withdraw the 2014 no-action relief that enables the popular election prediction market. Injunction would allow existing 2024 markets to remain open through their natural conclusions for the benefit of traders, university educators and journalists. Predictit faced a potential lawsuit after the site crash last night. 9 in US Federal District Court for the Western District of Texas in response to CFTC action to force a wind-down.