🕵️ Suspicious betting activity on prediction markets before election polls were released
According to a New York Times report, bets were placed on prediction markets shortly before two recent NYT/Siena political polls were made public. In other words, someone placed bets just before the poll results were released to the public.
The available data does not make clear who was behind these bets, their exact size, or whether any rules were violated. So we should be cautious and avoid rushing to conclusions about the motive.
For the trading community, this is a reminder of a familiar risk in prediction markets: information asymmetry. If someone with insider information places bets early, others can easily be put at a disadvantage. This story could also increase pressure for greater oversight and transparency in the sector.
How strictly do you think prediction markets should be regulated to limit trading based on insider information?
#Crypto #TinTucCrypto #PredictionMarket
Source: Cointelegraph
According to a New York Times report, bets were placed on prediction markets shortly before two recent NYT/Siena political polls were made public. In other words, someone placed bets just before the poll results were released to the public.
The available data does not make clear who was behind these bets, their exact size, or whether any rules were violated. So we should be cautious and avoid rushing to conclusions about the motive.
For the trading community, this is a reminder of a familiar risk in prediction markets: information asymmetry. If someone with insider information places bets early, others can easily be put at a disadvantage. This story could also increase pressure for greater oversight and transparency in the sector.
How strictly do you think prediction markets should be regulated to limit trading based on insider information?
#Crypto #TinTucCrypto #PredictionMarket
Source: Cointelegraph