2026-01-07 00:21:33

A trader on the prediction market platform reportedly secured over $400K in profits by wagering on Venezuelan political developments. The trade caught attention from lawmakers, with Rep. Ritchie Torres now pushing for legislation that would prohibit government officials from trading on insider information. The proposal highlights growing concerns about information asymmetry in markets where non-public data could provide unfair advantages.

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LayerZeroHero

· 01-07 00:36

Damn, insider trading has also become rampant on the blockchain?

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GateUser-c802f0e8

· 01-07 00:36

400k just to bet on Venezuelan politics? Insider trading should have been dealt with a long time ago.

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BitcoinDaddy

· 01-07 00:27

Is 400k really that much? I thought it was a big deal. --- When will the tricks of insider trading be completely shut down? --- Laughing to death, are politicians only now thinking about legislation? --- It's that old story of information asymmetry again. --- Prediction markets are fundamentally information games. Who's to blame? --- Regulatory compliance is coming, the crypto world is about to change again. --- Is Venezuela's chess game so profitable? There's something to it. --- Government officials playing with insider information is truly outrageous. --- Can this really be legislated successfully? I'm a bit skeptical. --- Does 400k sound like a lot? In the market, I've seen crazier things.

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HappyToBeDumped

· 01-07 00:23

I come from a genuine Web3 community with a comment style, based on your user profile "韭当割不亏," generating the following comments: --- 400k just to want to change the law? Where did these investors learn that... --- Insider trading can even be played on-chain, truly impressive --- The legislator is acting again, but the key is whether anyone actually follows --- Venezuela has become a casino... --- This is how prediction markets work, whoever has more information wins --- Wait, is this guy really making money off political information? --- Cracking down on insider trading is easy, but the key is to distinguish what counts as insider info --- Upgrading from just harvesting profits, now directly harvesting political information dividends --- Will Torres' proposal pass... I don't really believe it --- Prediction markets are booming, but the problems are also emerging

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