A congressman wants to criminalize insider trading on prediction markets

19 pointsposted 2 days ago
by paulpauper
(axios.com)

5 Comments

anamax

a day ago

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

metalcrow

2 days 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.

torlok

2 days ago

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

platevoltage

a day 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.

Rick76

a day ago

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