The US federal workforce is ~2.2 million people. Banning them all from trading on prediction markets isn't the right move. A cafeteria worker in some suburban admin office likely has no inside information they are going to trade on. Members of congress and other high level positions on the other hand should be banned.
> A cafeteria worker in some suburban admin office likely has no inside information they are going to trade on.
Until they do...
I don't agree. When the senators walk into the cafeteria talking about the bill they're about to pass, the cafeteria worker can easily overhear their insider information.
Avoiding insider trading on prediction markets seems like an intractable problem to me.
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Arguably they should ban all US residents, citizens, and immigrants from prediction markets.