Insider Trading
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The Guardian : ‘Scum’: Trump attacks US states’ efforts to regulate prediction markets
national security and market integrity framed as under threat
The Van Dyke case is highlighted to show how prediction markets can be exploited using classified information, framing the markets as a vector for national security threats and undermining public safety.
“In one prominent case, US army soldier Gannon Ken Van Dyke allegedly used classified information to make more than $400,000 on trades involving the capture of former Venezuelan president Nicolás Maduro after learning of the US military’s plans.”
The New York Times : The Average Guys Outsmarting Wall Street on Prediction Markets
insider trading is framed as a serious but under-enforced violation
The article reports on federal charges against a Master Sgt. for using classified information and Israeli arrests for betting on military operations, framing insider trading as a real and damaging threat to market legitimacy.
“Earlier this year, Israeli officials also arrested several people accused of using classified information to place Polymarket bets on military operations; insiders on the platform are suspected to have made $1.2 million betting on a U.S. strike on Iran.”