Earlier quoted context omitted.
But a fraud was perpetrated and the scammer got away. The markets are supposed to ignore that? Money was taken out of the market by a bad actor. If anything this encourages quick fraud over slow honesty.
Markets don’t ignore it, they learn from it. They don’t need you or any authority to protect them. Edit: Understand that the scammer has to buy, then release the false information, and then sell. They only “scam” the buyers that don’t critically assess this new information, such as it’s provenance and quality. This means that over time only the best analysts survive and thrive. Smart speculators likely sold the spike…
And the lesson is that betting markets are a scam.
But then you get people criticizing the ones telling you that lesson. Is it because newborn fools must be preserved until people can take their money?