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OrphanWilde comments on Open Thread August 31 - September 6 - Less Wrong Discussion
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Regarding prediction markets and regulation, does anyone know whether a betting market wherein the payout for the betting contract goes to the winner's choice in charities (as opposed to going to the winner) would avoid most or all of the legal issues involved?
So, Long Bets? Betting for charity has always been legal AFAIK.
Ask a lawyer, it probably depends on the exact wording of anti-gambling laws. The answer also is likely to depend on whether the betting market collects any fees in process.