#预测市场 Once again, insider trading has been exposed! This time it's the "dark side" of prediction markets—someone bet $32,500 on Polymarket that Maduro would be ousted just hours before the U.S. military arrested him, and in just 24 hours, they made over $400,000 in profit. This move is incredible, with a return of 1200%, unbelievably outrageous.
Now U.S. Congressman Ritchie Torres can’t sit still and plans to legislate to prohibit federal officials from using insider information to trade in prediction markets. Honestly, this should have been regulated long ago—The STOCK Act of 2012 restricted officials from stock trading, but after ten years, prediction markets have become the new "arbitrage paradise," with government information turning into a cash machine on the chain. Who can stand this?
But the problem is, on-chain trading platforms like Polymarket only display wallet addresses, making it extremely difficult to track who is behind the scenes. However, I think the direction of this bill is correct; it’s just hoping to truly regulate—don’t let prediction markets become tools for insiders to harvest profits, after all, fair and transparent price signals are essential for the entire market.
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#预测市场 Once again, insider trading has been exposed! This time it's the "dark side" of prediction markets—someone bet $32,500 on Polymarket that Maduro would be ousted just hours before the U.S. military arrested him, and in just 24 hours, they made over $400,000 in profit. This move is incredible, with a return of 1200%, unbelievably outrageous.
Now U.S. Congressman Ritchie Torres can’t sit still and plans to legislate to prohibit federal officials from using insider information to trade in prediction markets. Honestly, this should have been regulated long ago—The STOCK Act of 2012 restricted officials from stock trading, but after ten years, prediction markets have become the new "arbitrage paradise," with government information turning into a cash machine on the chain. Who can stand this?
But the problem is, on-chain trading platforms like Polymarket only display wallet addresses, making it extremely difficult to track who is behind the scenes. However, I think the direction of this bill is correct; it’s just hoping to truly regulate—don’t let prediction markets become tools for insiders to harvest profits, after all, fair and transparent price signals are essential for the entire market.