Late last 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.

What impact will a new law banning online gambling have on innovative information markets?

Amonth before a major election, the Republicans have allied themselves with a scattering of voters who are upset by online gambling and have outraged the millions who love it.

Jackpot justice refers to courts rewarding trial lawyers with outsized judgments unrelated to any actual damages, but arecent case in Minnesota gives the phrase a whole new meaning.

Should prediction markets fall victim to laws restricting gambling?

Stories of rot and corruption involving Congress just keep coming. The latest was the double dose of Jack Abramoff in the Washington Post.

Congress should create a regulatory pathway for prediction markets.

We shouldhave a major national dialogue about all our tax sources and how governments at all levels can best divide up sensible tax ideas.