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Please don't do insider trading. Thank you for your attention to this matter.
by jeffwask 6mo ago
Please don't do insider trading. Thank you for your attention to this matter.
- nevi-me 6mo agoReminds me of our President (SA) asking his colleagues to sign a pledge not to do corruption; when there's already a swearing in that does the same thing.
- OutOfHere 6mo agoFor those who live in the red-pilled real world, just don't trade on something where controlling insiders (also with a potential conflict-of-interest) can beat you at the game. This is different from bets with non-controlling insiders with no conflict-of-interest.
- maerF0x0 6mo agoIsn't that nearly everything public?
- OutOfHere 6mo agoThe key is avoiding the bets with controlling insiders, i.e. those that could have a potential conflict of interest. Even something as banal as weather data has some insider knowledge, but an insider has no practical control over it, i.e. the insider is non-controlling, with no conflict-of-interest.
- chrisnight 6mo agoWeather data in prediction markets can definitely be gamed. One example that exists in real prediction markets is that the contract specifies a single source as the source of truth. But that source rounds data during unit conversion twice (F -> C -> F), meaning there’s an unequal probability distribution, and some numbers have a 0% chance of winning.
- scoofy 6mo ago“Please don’t gamble except for entertainment purposes.” – Las Vegas
- penguin_booze 6mo agoYou missed the fine print at the bottom: "lolz".