The Dark Side of Prediction Markets: A Cautionary Tale of Insider Trading The fine levied against former White House teleprompter operator Gabriel Perez serves as a stark reminder that online prediction markets have become a haven for insider trading.
These platforms, where users can place speculative bets on public events, have proven to be fertile ground for those with access to sensitive information.
Perez's case is particularly egregious, as he used his position to gain an unfair advantage in betting on Donald Trump's speeches.