Insider Trading Is Going to Get People Killed

Saahil Desai: “Polymarket traders swap crypto, not cash, and conceal their identities through the blockchain. Even so, investigations into insider trading are already under way: Last month, Israel charged a military reservist for allegedly using classified information to make unspecified bets on Polymarket…”

“How did a Polymarket user know that Lady Gaga, Cardi B, and Ricky Martin would make surprise appearances during the Super Bowl halftime show, but that Drake and Travis Scott wouldn’t? Shady bets on war are even stranger and more disturbing. They risk unleashing an entirely new kind of national-security threat. The U.S. caught a break: The Venezuela and Iran strikes were not thwarted by insider traders whose bets could have prompted swift retaliation. The next time, we may not be so lucky.”