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by avaer
98 days ago
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Insider trading has been a staple of making money in US politics for a long time, it's just more transparent now. I don't believe a targeted ban on participating in prediction markets would do much to weed out corruption while "predictions" hide behind government officials pumping memecoins, buying stocks, using proxies, or simply sharing war plans over messaging apps. The floodgates are already open, prediction markets are just the most honest and obvious version of the corruption. This approach to legislation is an interesting contrast to the CCP's supposed 2.3 million people prosecuted for corruption, if you believe Wikipedia [1]. [1] https://en.wikipedia.org/wiki/Anti-corruption_campaign_under... |
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