Here’s a prediction you can lock down, mostly because the courts say so: The PredictIt political prediction market can continue operating – at least for the time being.
On Thursday, the beleaguered prediction market was given what amounts to a stay of execution when the Fifth Circuit Court of Appeals issued an injunction while it continues to ponder the future of the operation. Previously, the Commodities Futures Trading Commission (CFTC) had ordered the New Zealand-based operation to shut down by Feb. 15.
The next hurdle for PredictIt will present itself quickly, as the court has scheduled an oral argument for Feb. 8 in New Orleans, according to a press release from Aristotle International, the company that is the contract service provider for PredictIt.
