A trader just cashed out over $400,000 from betting against the Venezuelan leader's political future—and now lawmakers are raising serious questions about it. U.S. Representative Ritchie Torres has stepped up with new legislation aimed at cracking down on government officials making big bets on prediction markets using inside information they shouldn't have access to. The move highlights growing concerns about unfair advantages in decentralized prediction platforms and information asymmetry within the crypto ecosystem.
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CountdownToBroke
· 01-09 02:51
Damn, you even dare to move insider trading onto the chain?
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GetRichLeek
· 01-06 17:38
Just 4 million dollars for this? I already knew about the insider trading by the big players. On-chain data has long shown that large investors are dumping, but I still suffered heavy losses...
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CryingOldWallet
· 01-06 05:48
Wow, 4 million just got arbitraged away like that? Insider trading didn't escape on the chain either, huh
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down_only_larry
· 01-06 05:48
Damn, this is the real insider trading, even the prediction market has fallen.
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LiquidationWizard
· 01-06 05:46
Hey, isn't this just insider trading under a different disguise? The prediction market can't escape either.
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POAPlectionist
· 01-06 05:25
Using insider information to make 400k in prediction markets— isn't this just politicians' daily routine?
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MEVvictim
· 01-06 05:23
Damn, this is insider trading. The prediction market has also fallen into corruption.
A trader just cashed out over $400,000 from betting against the Venezuelan leader's political future—and now lawmakers are raising serious questions about it. U.S. Representative Ritchie Torres has stepped up with new legislation aimed at cracking down on government officials making big bets on prediction markets using inside information they shouldn't have access to. The move highlights growing concerns about unfair advantages in decentralized prediction platforms and information asymmetry within the crypto ecosystem.