U.S. Senators Vote to Ban Themselves from Trading on Prediction Markets
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Re: U.S. Senators Vote to Ban Themselves from Trading on Prediction Markets
#2That's a good start, and should be followed by banning everyone else from trading on them.
Re: U.S. Senators Vote to Ban Themselves from Trading on Prediction Markets
#3ANY government employee or government contract worker should be banned from trading on prediction markets.
Re: U.S. Senators Vote to Ban Themselves from Trading on Prediction Markets
#4Good. Now they should also ban themselves from insider trading in both the public stock market and private markets as well as prediction markets.
Re: U.S. Senators Vote to Ban Themselves from Trading on Prediction Markets
#5All of the other markets are prediction markets too, in terms of opportunities to profit from inside knowledge. This is like vowing to quit smoking ... Marlboros.
Re: U.S. Senators Vote to Ban Themselves from Trading on Prediction Markets
#6Good. Now they should also ban themselves from insider trading in both the public stock market and private markets as well as prediction markets.
But it's so... profitable!
Re: U.S. Senators Vote to Ban Themselves from Trading on Prediction Markets
#7That's a good start, and should be followed by banning everyone else from trading on them.
I agree in spirit, but really it should be the other way around, no? People aren't banned from using them, companies are banned from offering them. I do not want to see a future in which people get their doors knocked down because they're under suspicion of using a gambling app.
Re: U.S. Senators Vote to Ban Themselves from Trading on Prediction Markets
#8ANY government employee or government contract worker should be banned from trading on prediction markets.
The US federal workforce is ~2.2 million people. Banning them all from trading on prediction markets isn't the right move. A cafeteria worker in some suburban admin office likely has no inside information they are going to trade on. Members of congress and other high level positions on the other hand should be banned.
Re: U.S. Senators Vote to Ban Themselves from Trading on Prediction Markets
#9ANY government employee or government contract worker should be banned from trading on prediction markets.
The US federal workforce is ~2.2 million people. Banning them all from trading on prediction markets isn't the right move. A cafeteria worker in some suburban admin office likely has no inside information they are going to trade on. Members of congress and other high level positions on the other hand should be banned.
Arguably they should ban all US residents, citizens, and immigrants from prediction markets.
Re: U.S. Senators Vote to Ban Themselves from Trading on Prediction Markets
#10ANY government employee or government contract worker should be banned from trading on prediction markets.
In theory as a government employee you already fear getting in trouble with OGE (Office of Government Ethics) and in normal times this is truly enough. Nobody wants to have a conflict of interest or fail to disclose investments etc. However nothing is normal under the current administration...