Hacker News
new
top
best
ask
show
job
A congressman wants to criminalize insider trading on prediction markets
(
www.axios.com
)
19 points
by
paulpauper
a day ago
3 comments
anamax
a day ago
While "insider trading" harms prediction market participants, insider trading provides useful information to prediction market observers.
metalcrow
a day 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
a day 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.