Prediction Markets Have More Than Just An Insider Trading Problem

Description

Sam Enzer, Partner and CahillNXT Co-Chair at Cahill Gordon & Reindel, joins Steven Ehrlich to examine the DOJ and CFTC's first insider trading case against a public company employee for trading on Polymarket. The case — involving a Google engineer who used nonpublic "Year in Search" data to generate $1.2 million in profits — raises new questions about how insider trading law applies to prediction markets, and what legal exposure ordinary traders now face, especially in a market where 1% of users capture the vast majority of gains. _______________________________________________________ #bitcoin #ethereum #crypto #cryptocurrencies ++++++++++++++++++++++++++++++++++++++++++++++++ Subscribe to our channel! Website → https://unchainedcrypto.com Unchained Daily Newsletter (FREE!)→ https://unchainedcrypto.beehiiv.com/subscribe/ Unchained X → https://x.com/unchained_pod Apple → https://podcasts.apple.com/us/podcast/id1123922160?ls=1 Spotify → https://open.spotify.com/show/1cJrrfGY1SKBIRn5noKSAf?si=6SI4qIcRTEO7EhOe0V9n4w RSS Feed → https://feeds.megaphone.fm/LSHML4761942757 Unchained: Your no-hype resource for all things crypto!