underscored

@underscored

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The agency that oversees prediction markets has investigated Polymarket trades on Biden pardons and the Iran war—and even more potential insider trading at Google, documents obtained by WIRED show.

Kate Knibbs
1w ago

Our guiding principle was to assume that, if there was a deal rumour in circulation, it was already being traded on. Getting an accurate story out there as quickly as possible was helping to keep the market honest. Let sunlight be the disinfectant.

1mo ago

Because the US allowed sports bookmakers to gain entry by the back door, every market has been tainted by the same Wild West perception that's entirely of regulators' own creation. Insider trading is assumed to be rife. And, until or unless there are subpoenas dropping on doormats, any person who wants to believe the game isn't rigged against them is given no option but to believe in ghosts.

5mo ago

a position which directly incentivizes insider trading. That in turn creates a long list of very predictable problems.

6mo ago

Underscored — save the words that stop you in your tracks.

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