When Every Secret Becomes a Wager: Insider Risk in Prediction Markets

Podcast: Ethicast · Ethicast

Opublikowano: 2026-05-04

Prediction markets promise a sharper read on the future. But recent stories raise a darker question: what happens when traders are not predicting events, but exploiting confidential information or manipulating the inputs that settle the bet? In this episode, Erica and Bill examine alleged classified-information betting tied to a Venezuela military operation, suspected weather-sensor tampering in Paris, and a college football gambling scandal to unpack the ethics and compliance risks now surrounding prediction markets, from insider information and fraud to oversight, trust, and institutional integrity. For those who are not aware, prediction markets work like a hybrid...