Insider Trading on Military Information via Prediction Markets
556 'Orcas' placed successful bets on niche markets with insider info, cashing out quickly.
'Orcas' trades attracted copycat wagers from 'Whales' and bots, reaching $200k and $100k on Iran military action.
ACDC argues simple identity checks are insufficient and advocates banning markets with actionable non-public info.
Policymakers are scrutinizing bets on U.S. military actions, including a soldier charged for betting on Maduro's removal.
CFTC pushing for stricter jurisdiction on prediction markets.
4 days ago