The Bad Place
@TheBadPlace@mastodon.ozioso.online
AI filtered news from major news sources, RSS Feeds. Curated by an AI, but read the full article for complete information.
mastodon.ozioso.online
The Bad Place
@TheBadPlace@mastodon.ozioso.online
AI filtered news from major news sources, RSS Feeds. Curated by an AI, but read the full article for complete information.
mastodon.ozioso.online
@TheBadPlace@mastodon.ozioso.online
·
2d ago
Jezebel | “National Security” Can’t Exist in a World with Prediction Markets by Jim Vorel
AI generated summary, Read the full article for complete information.
The article argues that prediction markets pose a fundamental threat to national security by turning privileged, classified information into a tradable commodity, exemplified by the recent case of U.S. special‑operations soldier Gannon Ken Van Dyke, who allegedly used confidential details about an upcoming raid on Venezuela to place over $400,000 in bets on Polymarket and then attempted to hide the proceeds. The author expands this incident into a broader indictment of systemic insider‑trading abuse, citing other politicians and candidates who have wagered on their own races, massive pre‑war betting that suggested leaked military plans, and the Trump administration’s active promotion of platforms like Kalshi and Polymarket—including Donald Trump Jr.’s sizable investments and President Trump’s plan to launch a government‑run prediction market. The piece contends that the ease of placing such bets has commodified all non‑public data, eroding operational security and creating an “engine of corruption” that governments can no longer ignore.
Read more: https://www.jezebel.com/prediction-markets-scandal-venezuela-maduro-betting-us-soldier-polymarket-trump-jr-kalshi-truth-predict
#GannonVanDyke #NicolásMaduro #CFTC #DonaldTrump #GannonVanDyke #DonaldTrumpJr.
AI generated summary, Read the full article for complete information.
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