content: I don't understand it either. They received funding from Joe Costello and they work for a non-profit. Why would anyone give them money if there's no return? Is this project just so cool that it's got altruistic appeal? They talk about it like the trading fees are collected and then distributed, is the process totally automated with some kind of account that can't be controlled by humans?  Why would they meet with the CFTC or any regulator if there's no liability to the creators and it's impossible to take down after it's up? Why do they care? Can't they just put it up and walk away? Oh wait, but a software update they issue could take the whole thing down, so does that mean the creators are still involved afterwards? Doesn't that open it up to the possibility of hacking or other manipulation? Also, if it relies on users to report the results of events, what's stopping someone that made the wrong bet from hiring a troll farm in India or using other vote manipulation to misreport an outcome and clean up on some long-shot bet? It sounds like there's no way to stop it if it's just majority rules.