Polymarket Tightens Rules on Insider Trading
California News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Polymarket, a New York-based prediction market platform, has implemented stricter rules to combat insider trading. The updates prohibit bets made with stolen confidential information or illegal tips, and they bar individuals in positions of power from wagering on events they could influence. These changes apply to both their U.S. exchange and offshore markets. The platform has also introduced a multi-layered monitoring system to detect violations and can alert law enforcement or impose penalties. These measures aim to maintain market integrity and comply with regulatory guidance from the Commodity Futures Trading Commission.
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