Prediction Markets Face Regulatory Scrutiny Amid Suspected Insider Trading in Maduro Arrest Bets
Implications for Crypto-Based Prediction Platforms in Political Events Prediction markets, increasingly integrated with blockchain technology, recorded over $630,000 in combined profits from three specialized wallets betting on Venezuela-related outcomes mere hours before the U.S. capture of President Nicolas Maduro, raising alarms about insider trading and prompting swift legislative action. Proposed Legislation Targets Government Insider Activity…