Prediction markets have been dogged by concerns about insider trading. How are they responding?
According to Managing Director John Auerbach, prediction market operators should be concerned about more than just increased enforcement attention. In a recent Business Insider article, John says: “It’s not good business” to have a reputation as a place where insiders profit at the expense of others, and he goes on to mention that “US-based prediction markets are coming to terms with a simple reality: you need to upgrade your controls.”
Read the full article to learn more about how attitudes and approaches to insider trading risk can vary across predictions markets.
