Until we decide how we are going to really handle these markets, which cover everything, we are going to continue to see these issues. Props to Kalshi for catching it but catching it still doesnt address the issue of people actually executing these trades and affecting the prediction markets. Even with the CFTC investigating I am not sure what exactly the punishment would be for this and if the punishment is bad enough to stop the underlying crime itself.
pull down to refresh
Pay attention to the resolution criteria and be wary of poorly specified markets.
Seems to me that everything always comes down to whether we let people live with the consequences of their decisions
What an anachronistic thing to say when everyone always blames every bad outcome on someone else. I love it.
I’m all for cutting off all government benefits to anyone engaged in no-no behavior.
doesn't really matter if you're for it, what matters is what everyone else thinks
democracy kinda sux
If these markets can exist permissionlessly, or effectively so, then democracy can go pound sand.
that's insider trading IMO
What is the crime here exactly? Getting paid to leak information early?
Every one is becoming an insider/trader with the exposure of prediction marketing