Predictive Markets Ripe for Inside Trading
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Predictive Markets Ripe for Inside Trading
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The recent arrest of Special Forces Master Sergeant Ken Van Dyke for betting on results of the Maduro raid in Venezuela brings questions about the predictive markets where bets can be made on almost anything. Van Dyke was involved in the planning of the attack. He allegedly bet $35,000 to make $400,000, but that's just a drop in the bucket on money strategically made moments before war action is taken. The Louisiana AG. Liz Murrell, was indicted on 16 counts, 8 for malfeasance and 8 for intimidation, by an Orleans Parish grand jury. Matt Palumbo joins Booker to discuss those stories and many more.
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