“For decades, the information that fueled insider trading was found on Wall Street or inside the glass offices of public companies across the country,” the Wall Street Journal reports.
“The rise of prediction markets has created a new temptation in Washington, where the Trump administration’s fast-moving agenda is giving those privy to government information a chance to cash in on the volatility.”
“Regulators and prosecutors are now playing catch-up to combat a batch of suspicious betting that touches various corners of the federal bureaucracy. It is a new challenge for authorities because insider-trading laws weren’t designed for people who bet on the outcome of legislation, political races and even U.S. military operations.”
Save to Favorites