Odaily Planet Daily reported that 1confirmation founder Nick Tomaino posted on the X platform stating that prices are honest, while narratives can be deceptive. Discussions about insider trading are very complex; although insider trading is usually viewed negatively, its essence is to trade using more accurate information. Allowing insider trading can lead prices to more quickly align with true value, benefiting the entire market and bringing more truth. Currently, the SEC prohibits insider trading in securities markets, theoretically to enhance public trust, but Nancy Pelosi has profited $130 million in her 37-year political career. Meanwhile, the CFTC does not prohibit insider trading in commodities and futures in the same way, unless it involves deception or manipulation; trading futures and commodities using significant non-public information is legal. The development of prediction markets remains to be seen; those who want to control the market will promote the harmfulness of insider trading, but free markets and more truth are the better choices.
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