Communities that stretch across international borders struggle to resolve their members' disputes. It is not a trifling problem. Distributed protocols such as Ethereum, EOS, and Dash host hundreds of billions of dollars in assets and handle transactions worth millions daily. Their members likely...

Democracies place great faith in the principle of one-person/one-vote. Business corporations and other private entities, in contrast, typically operate under the one-share/one-vote rule, allocating control in proportion to ownership. Why the difference? In times past, we might have cited the...

We live in exciting times for governance. Large and powerful institutions used to come in only a few standardized types, such as nation-states and commercial corporations. But the advent of distributed organizations, built on computer code and fueled by digital cash, has supercharged the...

This paper analyses the legality of private prediction markets under U.S. law, describing both the legal risks they raise and how to manage those risks. As the label quot;privatequot; suggests, such markets offer trading not to the public but rather only to members of a particular firm. The use...

This paper analyses the legality of private prediction markets under U.S. law, describing both the legal risks they raise and how to manage those risks. As the label “private” suggests, such markets offer trading not to the public but rather only to members of a particular firm. The use of...