It's not only the optics that are almost too obvious. The problem is too obvious. Imagine if I treated a professional athlete, like a boxer (one on one) let's say, and I prescribed medication that would cause side effects that would impair the athlete, then placed a bet against the athlete.
I appreciate the clarity with which he describes possible legislative ways to regulate profiting from predictive markets, but then also describes the seemingly endless loopholes that each law can create. He also addresses how to counteract this with correct legal knowledge and correct language for further legislation. Very sticky wickets to traverse.
In our history this condition happened in the 1920's before the crash. We are also seeing pressure on the Federal Reserve over interest rates. I hope both houses of Congress take the time to look at history and write a well defined bill. We have enough band aid bills that pass because of the moment.
Now if we can get 67 senators vote to convict, we can stop MAGA
These grifters will cheat by proxy.
It's not only the optics that are almost too obvious. The problem is too obvious. Imagine if I treated a professional athlete, like a boxer (one on one) let's say, and I prescribed medication that would cause side effects that would impair the athlete, then placed a bet against the athlete.
I appreciate the clarity with which he describes possible legislative ways to regulate profiting from predictive markets, but then also describes the seemingly endless loopholes that each law can create. He also addresses how to counteract this with correct legal knowledge and correct language for further legislation. Very sticky wickets to traverse.
There is such a potential for abuse so this is a positive step although so many ways around it and as said earlier grifters gonna grift
In our history this condition happened in the 1920's before the crash. We are also seeing pressure on the Federal Reserve over interest rates. I hope both houses of Congress take the time to look at history and write a well defined bill. We have enough band aid bills that pass because of the moment.
It’s happened before, but it never goes anywhere. Martha Stewart went to prison for it, but nothing happens to these greedy politicians!