alt Hacker NewsEDIT: I am wrong, see children
> The employee, she said, “used confidential OpenAI information in connection with external prediction markets (e.g. Polymarket).”
Note that “insider trading” is not illegal on prediction markets. The particular issue here is that the employee “disclosed” confidential information on a public forum by influencing the prices assigned to certain outcomes by prediction markets.
Replies
qoez • today at 3:08 PM
It is most definitely against the rules of the sites and illegal, especially on kalshi
I don't think this is true, though enforcement is another thing and the standard is different than in securities markets. Prediction markets are regulated by the CFTC and the insider trading standard is “misappropriation of confidential information in breach of a pre-existing duty of trust and confidence to the source of the information” (vs any “material non-public information” for securities) https://www.cftc.gov/PressRoom/SpeechesTestimony/phamstateme...