Finally the government is taking action against these companies. Think about it, these guys provide the ability to wager on the outcome of a basket of performance statistics. The government is totally right to classify this as gambling and not skill based wagering. Plus, these things have no underlying value at all, just structured binary outcomes based totally on short term results.<p>What other institution in America is allowed to create non-collateralized chance options markets out of thin air and float them to the public? This is unprecedented. These guys are clearing millions. Could you imagine what woild happen ifit was billions or trillions? I bet that would make for a pretty volatile environment.