Meme coin trader takes advantage of regulatory loopholes to make millions off prediction markets

https://www.cryptopolitan.com/regulatory-loopholes-prediction-markets/

10 Comments

  1. tldr; A meme coin trader, Tre Upshaw, has developed a tool called Insider Finder to track unusual trades on prediction markets like Polymarket, exploiting regulatory loopholes. The tool flags suspicious trades tied to prediction contracts, often occurring before major events. While such actions would be illegal in traditional stock markets, prediction markets operate under unclear rules, with minimal oversight from the Commodity Futures Trading Commission (CFTC). This has raised concerns about insider trading and prompted legislative proposals to address the issue.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

  2. Lol insider trading is fine till someone tries and copies the insiders. Then they want regulation🙄