A series of suspiciously well-timed Iran war bets placed on Polymarket have revived concerns about insider trading on prediction markets. But enforcement is something of a gray area. Marketplace’s Meghan McCarty Carino joins Kimberly to explain the relatively recent history of insider trading laws at the CFTC and what it could mean for prediction market platforms. Plus, the debate over whether insider trading on these markets is actually a good thing.
Here’s everything we talked about today:
"An Eddie Murphy comedy shaped insider trading law for prediction markets" from Marketplace
"Polymarket’s Iran Bets Draw Fresh Disputes and Insider Scrutiny" from Bloomberg
"Kalshi, Polymarket move to stop insider trading as bill seeks to ban sports prediction markets" from The New York Times
"House Democrats call on federal regulator to crack down on offshore prediction market war bets" from CNBC
"Lawmakers push new bill to curb insider trading on prediction markets" from Politico
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