alt Hacker NewsAre prediction markets regulated? Is this about breaking the laws regarding prediction markets or is this about leaking classified information? I skimmed but not sure still.
Someone more cynical can say that this is about protecting Thiel’s investment(if people think it’s rigged may stop playing) or making sure that only big G makes money with classified information.
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akudha • today at 12:40 AM
These two videos might be of some help
HWR_14 • today at 2:51 AM
Kalshi is regulated and trading in this way on Kalshi is explicitly illegal. PolyMarket does not operate under US laws and I don't know if the same insider trading rules are a separate violation on top of just participating.
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bjourne • today at 5:58 AM
All fungible markets are prediction markets. The idea that only some are is a mirage.
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From the article:
unlawful use of confidential government information for personal gain, theft of nonpublic government information, commodities fraud, wire fraud, and making an unlawful monetary transaction.