Dave Kellogg

Insider Information Essential for Functional Prediction Markets

Well, if this is true, you shouldn't regulate them. But if you don't regulate them then people without inside information shouldn't trade on them. So it should end up a tiny market of well-informed people all wanting to take one side of a bet. And there's the still the case where you personally can drive the outcome (e.g., running on the field) Why Prediction Markets Need Insider Trading https://t.co/C8U08ZXFPn