Hacker News new | ask | show | jobs
by abustamam 106 days ago
Yeah I had to reread that part... I was like, no way the CEO of Polymarket publicly said on record that it incentivizes leaks. Had to check to make sure I wasn't on the onion.
2 comments

The CFTC has been defunded and dismantled. The industries it regulated don’t even bother to put on a mask anymore.
He was talking about companies at that part of the interview, and getting company info leaked to the market is generally a good thing.
Wow, it took some time for me to dig the interview out(0). I think it's stupid that Atlantic did not link to it, and that they misrepresented the context.

I agree that company info being leaked is whatever. No one is hurt by knowing that Apple is working on a foldable phone; maybe an exec loses his million dollar bonus and can't upgrade his yacht this year, and the market can operate off of that knowledge.

But the flip side is that there's no way to distinguish between leaked company info and leaked government info, and up until this era of history, there was rarely financial incentive for anyone to leak govt info, and even if there were, it was almost impossible to do so completely anonymously.

I'm not necessarily agreeing with the article. Who knows if that actually happened? But the incentives make it more plausible than ever.

(0) https://www.youtube.com/live/t647EWQst5A?si=TPNx7RbxWvn9wVdn