A congressman wants to criminalize insider trading on prediction markets

19 pointsposted a month ago
by paulpauper
(axios.com)

5 Comments

metalcrow

a month ago

Isn't the point of prediction markets to predict the outcome most accurately for forecasting? Insider trading would be an ideal way of doing that.

platevoltage

a month ago

I think what you are describing is called polling. This is gambling. Insider trading would be like bringing your own deck of cards to the casino and not shuffling them.

torlok

a month ago

It's only the point if you want to facilitate betting without being regulated.

anamax

a month ago

While "insider trading" harms prediction market participants, insider trading provides useful information to prediction market observers.

Rick76

a month ago

I think those prediction markets need to have the same regulations as casinos at this point.