alt Hacker NewsThat isn't very nice. OP never suggested we shouldn't talk about this topic, only that we all know this has been happening for a century.
Legislation has been introduced to address this exact problem. Edit: Polymarkets should be hevialy regulated or made illegal. In fact, they were illegal, until someone found a loophole.
Stop Insider Trading Act (House): Introduced by Rep. Bryan Steil, this bill aims to prohibit purchasing publicly traded stocks, requires 7-day notice for sales, and imposes penalties for violations. It is supported by GOP leadership.
Restore Trust in Congress Act (Senate): Introduced by Sens. Kirsten Gillibrand and Ashley Moody, this bill bans trading/ownership of individual stocks and requires divestment within 180 days of enactment.
Sorry for not being nice and for reading between the lines.
Since Polymarket accepts crypto, there's likely foreign governments getting in on the grift too, which the proposed domestic regulations won't solve and likely won't be accepted by the domestic grifters.