Victoria University's iPredict successor fights on in the US courts

Victoria University's iPredict successor fights on in the US courts
Victoria University's prediction market venture gets debate in the US courts. (Image: Deposit Photos)
Greg Hurrell
The United States court of appeals has upheld an injunction that granted a stay of execution for a political betting site set up by the Victoria University of Wellington.The July 21 ruling by three judges of the fifth circuit of the appeals court was passed by two judges, with one dissenting.The university launched PredictIt in 2014, an online marketplace that allows traders to make small bets based on predicting political events in the United States. It was conceived as a data-gathering tool for academic researchers. The venture was born...

More Law & Regulation

DeVere censured by FMA for failing to meet obligations
Law & Regulation

DeVere censured by FMA for failing to meet obligations

The FMA has censured deVere for failing to comply with obligation under its FAP licence.

Tom Raynel 03 Jul 2024
Foodstuffs alleges defamation over merger opinion piece
Retail

Foodstuffs alleges defamation over merger opinion piece

Chapman Tripp lawyers sent letters to the University of Auckland and Stuff.

Gregor Thompson 03 Jul 2024
Country Road loses court battle over duties
Retail

Country Road loses court battle over duties

Country Road has been ordered to retroactively pay $2.5 million in duties and GST.

Gregor Thompson 03 Jul 2024
Cleaning company escapes much bigger fine for cartel conduct
Law & Regulation

Cleaning company escapes much bigger fine for cartel conduct

The High Court fined Canterbury Industrial Scrubbing $51,000.

Staff reporters 02 Jul 2024