Prediction markets are creating a digital Wild West, where well-placed opportunists can win big by betting on real-world events — from the capture of Nicolás Maduro to a surprise Super Bowl cameo.
- What may strike everyday people as blatant insider trading is defended as legal based on the letter of the law.
Why it matters: The spectacle of people profiting off privileged knowledge is accelerating a broader erosion of trust in a society where confidence and good faith were already in retreat.
