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> Is insider trading a crime on prediction markets? Yes, it is both against the CFTC's regulations and against the companies' T&Cs. > Doesn’t it contribute to
by tsimionescu 5mo ago
> Is insider trading a crime on prediction markets?
Yes, it is both against the CFTC's regulations and against the companies' T&Cs.
> Doesn’t it contribute to the accuracy of the pricing of prediction contracts, and therefore is good for the prediction market?
That's irrelevant, the purpose of these markets is to provide fair bets for entertainment, not information.
- lmm 5mo ago> against the companies' T&Cs Not a crime, or certainly shouldn't be.
- lesuorac 5mo agoNot criminal but fraud is still a crime. But also I don't think the T&C's came into play here. This is strictly his employer (Google) told him to keep this information confidential and he didn't and instead profited from it.
- speed_spread 5mo agoBy entertainment I assume you mean money laundering?
- efitz 5mo ago> the purpose of these markets is to provide fair bets for entertainment Pretty sure this statement is 100% wrong. You’re describing a gambling site. Is that how governments are treating them?