Re: A/C in Action: The AP Case
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Whatever semantic argument you want to make prohibition is government intervention in a market, and that government intervention distorts the market. ACland, as proposed, would be absent that intervention and thus your proposal that the online gambling industry mimics a free market is false.
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You are missing the forest for the trees. The market may not be totally free, but as there are a half dozen big choices for US players and over a dozen for everyone else, there are plenty of options available. It's certainly enough to judge the effectiveness of a boycott and/or the overall hit that a site found guilty of rigging will take.
That hit appears to be 0% when the entire community knows about it but there is no admission of guilt, 5% in week 1 after that admission, and ~3% in week 2.
In other words, the market very, very clearly did not react to the perceived honesty of AP or lack thereof.
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