October 9, 2006 | New York TimesLast month, as Congress rushed to adjourn, lawmakers passed legislation that would make it a crime for credit card companies and banks to send payments to Internet gambling sites. The aim was to reduce gambling addiction and money laundering. The prohibition on Internet gambling could wind up putting the kibosh on several forms of Internet wagering that provide useful information.... Information markets have outperformed experts in a number of areas, whether it's predicting point spreads in football games or elections or printer sales. There are more than 20 Web sites that offer information-market securities, including those run by Goldman Sachs and the UNIVERSITY OF IOWA.
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