Isn't that in the law?
It is in SEC regulated markets like NYSE and NASDAQ. But prediction markets are grifty garbage. Insider trading laws only apply to regulated markets.
Just about anything to do with crypto is sketchy. I don't know why anyone still messes with it. Maybe they just like propping up Iran's oil tolls, ransomware perps, and shovelling money to Dumpty and his merry band of grifters?
If it were in the law, which part of the justice system do you think would be:
1. Capable
2. Desirous of
3. Competently followed