Unchained
DEX in the City: How Prediction Markets Pose a National Security Risk
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Show notes
The crew discusses whether prediction markets enable “Bloomberg terminal espionage,,” wonder how to regulate markets that could be on anything, dive into why the OCC is saying no to stablecoin yield and more.
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Prediction markets are in the spotlight again. On one hand adoption appears to be growing as the Nasdaq has announced plans of entering the space. On the other hand, they scrutinize markets that pose a national security risk.
In this DEX in the City episode, hosts Jessi Brooks, Katherine Kirkpatrick Bos and TuongVy Le discuss suspected insider trading activity around a market tied to the strikes on Iran. Beyond ethical concerns about betting on war, they grapple with the definition of “a death market” and ask whether all prediction markets around an individual are death markets.
The big question: How can these markets on literally any possible event be policed?
Plus, is Jane Street manipulating the Bitcoin market? Why the OCC is saying NO to stablecoin yield and the takeaway from Jack Dorsey's Block layoffs.
Hosts:
Jessi Brooks, General Counsel at Ribbit Capital
Katherine Kirkpatrick Bos, General Counsel at StarkWare
TuongVy Le, General Counsel at Veda
Links:
Unchained:
Nasdaq Eyes Prediction Markets With SEC Filing
Bitcoin Rebounds as ETF Inflows Return, Jane Street Speculation Swirls
ZachXBT Alleges Axiom Employee Misused Internal Data
White House Talks Make Progress on Stablecoin Yields but No Deal Yet
DEX in the City: Insider Trading and Crypto: What the Law Actually Says
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