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Thread: Binary Options Trading & Affiliating in USA?

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    Default Binary Options Trading & Affiliating in USA?

    I also mailed Adam to get his thought but I suppose we should also discuss it here in case there are some more binary affiliates around.

    So, what's going on atm in the US? - CFTC suing Banc de Binary? 24Option - and soon most likely many others - already withdrew as a consequence.

    This is all weird tbh. Banc de Binary has multiple licenses at this moment in several countries and it even applied for one in the US earlier this year however I guess it was rejected immediately in order to protect the monopoly and financial interests of NADEX.

    I guess the party is over?

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    Binary Options got into trouble by pretending to be investment products.
    After the global financial meltdown these things are much more tightly regulated.
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    Nadex also pretends that and it's licensed in the US.

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    BDB's marketing campaign is full of shit.

    The fact BDB applied for licensing in the US after years of accepting US customers illegally was just dumb. BDB also ran press releases earlier this year saying that had FSA regulation which is another lie.

    I'm pretty happy to see the industry get cleaned up, far too many scam programs engaging in get rich quick schemes with knock-up white labels.
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    I agree with what you say, however, I have the fear that no matter how good one operator is, Nadex will still remain the only approved company.

    Cleaning up the market is definitely great, but if regulators' interpretation of this is to create a monopoly for one particular company then it actually achieves the opposite.

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    I don't think it's fair to say the US is creating a monopoly.

    The CFTC and SEC have clear laws governing how binary options are traded in the USA.

    If a binary options broker wants to accept US clients legally then they're free to launch their own exchange to rival NADEX, join NADEX as a partner or become a licensed agent to operate on the exchange.

    This is a really good read: The Aftermath of US Regulatory Warning Against Binary Options
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    Or it might happen that all non-scam operators leave the market and the scammy ones remain since they never intended to be legitimate from the beginning anyway.

    I'm generally against most, if not all kinds of regulation. The market usually regulates itself when there are no weird laws that give certain companies advantage over others.

    The CFTC and SEC have clear laws governing how binary options are traded in the USA.
    I just think that these laws are completely detached from reality.

    I feel that the current regulations are made (accidentally or intentionally doesn't matters) to favor large and established market makers. This in turn will result in only 2-3 companies being able to become regulated, while at the same time hundreds of small and fraudulent operators will continue to roam freely.

    However, the legitimate ones that might not be big enough to become regulated will leave to protect themselves.
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