Betting Exchange
betting exchange
Is it legal to create a betting exchange website for financial market in the United States?
Betting exchange is a peer-to-peer gambling website acting as a broker between parties for the placement of bets. I have seen websites like Betfair.com, but it doesn't include a section for bets in financial market.
Is it illegal to create a betting exchange for financial market? Answers should include some references, preferably with links of sources.
Your help is much appreciated.
You are welcome to submit your answer here as well: http://www.ansmart.com/view.php?qid=1201003436&uid=1154908724
im not sure if your've thought this through.... the financial market is already all about peer to peer betting.... thats what contract trading and speculating is all about.
Look up futures, short selling, cfds, index futures, options... theres quite alot of exotic gambles you can already make.
The international financial market is already the greatest casino man has ever devised.
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Trading on Betfair & Bet Angel - Letting your profits run
wat is the difference bet an Exchange traded fund & Mutual fund?
Exchange-traded funds (or ETFs) are open ended mutual funds that can be traded at any time throughout the course of the day. Typically, ETFs try to replicate a stock market index such as the S&P 500 (.INX) or the Hang Seng Index, a market sector such as energy or technology, or a commodity such as gold or petroleum; However, as ETFs proliferated in 2006 from under one hundred in number to almost four hundred by the end of the year, the trend has been away from these simpler index-tracking funds to intellidexes and other proprietary groupings of stocks.
The legal structure and makeup varies around the world, however the major common features include:
An exchange listing and ability to trade continually;
They are index-linked rather than actively managed;
Through dynamic and quantitative strategies, these can be dynamic rather than static indexing strategies
The ability to handle contributions and redemptions on an in-kind basis (typically in large blocks of shares only); and
Their 'value' (but not necessarily the price at which they trade—they can trade at a 'premium' or 'discount' to the 'underlying' assets' value) derives from the value of the 'underlying' assets comprising the fund.
These qualities provide ETFs with some significant advantages compared with traditional open-ended collective investments. The ETF structure allows for a diversified, low cost, low turnover index investment. This appeals to both institutional and retail investors both for long term holding and for selling short and hedging strategies.
A mutual fund is a form of collective investments that pools money from many investors and invests their money in stocks, bonds, short-term money market instruments, and/or other securities.[1] In a mutual fund, the fund manager who is also known as the portfolio manager, trades the fund's underlying securities, realizing capital gains or losses, and collects the dividend or interest income. The investment proceeds are then passed along to the individual investors. The value of a share of the mutual fund, known as the net asset value per share (NAV), is calculated daily based on the total value of the fund divided by the number of shares currently issued and outstanding.
Legally known as an "open-end company" under the Investment Company Act of 1940 (the primary regulatory statute governing investment companies), a mutual fund is one of three basic types of investment companies available in the United States.[2] Outside of the United States (with the exception of Canada, which follows the U.S. model), mutual fund is a generic term for various types of collective investment vehicle. In the United Kingdom and western Europe (including offshore jurisdictions), other forms of collective investment vehicle are prevalent, including unit trusts, open-ended investment companies (OEICs), SICAVs and unitized insurance funds.
In Australia the term "mutual fund" is generally not used; the name "managed fund" is used instead. However, "managed fund" is somewhat generic as the definition of a managed fund in Australia is any vehicle in which investors' money is managed by a third party (NB: usually an investment professional or organization). Most managed funds are open-ended (i.e., there is no established maximum number of shares that can be issued); however, this need not be the case. Additionally the Australian government introduced a compulsory superannuation/pension scheme which, although strictly speaking a managed fund, is rarely identified by this term and is instead called a "superannuation fund" because of its special tax concessions and restrictions on when money invested in it can be accessed.
