New Trick, Same Crime? Insider Trading on Prediction Markets

A recent spate of suspiciously timed and highly profitable bets on prediction markets have ignited concerns over whether insiders are quietly gaming the system. According to reports, shortly before the capture of Venezuelan president Nicolas Maduro, an anonymous Polymarket user bet more than $32,000 that Maduro would be ousted within weeks, yielding a return of more than $400,000...... By: King & Spalding