Focus: US election betting boom to test prediction markets' insider trading controls
✦ NabkaNews BriefAuto-summarized from multiple outlets · verify with the source
A surge in betting on the US election is putting pressure on prediction markets to prevent insider trading. Some campaign staffers are reportedly profiting from betting on their own candidates, while others compare prediction markets to sportsbooks, sparking concerns about their impact on the election. The growth of prediction markets, with some platforms hitting record volumes, is being likened to the "wild west" amid uncertainty over their differences from traditional gambling.
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