Why should we worry about people with insider information profiting in the stock market, futures markets, or even crypto-powered predictions markets?
For one thing, it’s unfair. It hurts average investors while increasing the wealth of certain people who know, for example, what Trump is about to do (including Trump and members of his family).
We should all be concerned that the top enforcement officer at the SEC abruptly resigned last week because the SEC’s chairman and other Republican appointees wouldn’t allow her to be more aggressive in pursuing charges of fraud and other misconduct against Trump’s inner circle.
Friends, there’s a word for this. It’s called corruption.