alt Hacker Newsgood. and the restriction shouldn’t stop at U.S. Senators. anyone with a major influence in their field should be banned from using these prediction/betting apps. as an NBA fan, I was shocked when I saw the reports about Milwaukee star Giannis allegedly using Kalshi to “predict” his own future team during the last NBA trade deadline. how is that even allowed? he even went on to promote the prediction app the day after the trade deadline.
Replies
jadbox • yesterday at 8:34 PM
Note that this is just a code of conduct change for the ethics committee, not a law. Something is better than nothing.
blazespin • yesterday at 8:31 PM
Pure gaslighting. The PM panic is because people want to look like they 'care' about corrupt trading. It's peanuts compared to the 500M they were betting on oil futures.
How do you police "major influence"?
We've seen OpenAI employees get caught insider trading on prediction markets for new model releases.
Every human is privy to some sort of exclusive information. Polymarket and the likes offer predictions on just about everything that has any relevancy. Sports, Technology, eSports, Politics.
You don't have to have "major influence" to be a beneficiary of insider trading.