Effort comes after reports of individuals suspiciously earning massive payouts before Iran Strikes, Venezuela Military Actions Washington, D.C. – Today, Oregon’s U.S. Senator Jeff Merkley and Minnesota’s U.S. Senator Amy Klobuchar launched a new effort to prevent government officials at the highest levels from engaging in prediction markets, cracking down on the potential for any […]
Wondering if it’s because the law is taken so literally in the US, instead of being in the “spirit” of the law. So if it’s too broad or vague, someone will use a loophole.
I’m not sure we have laws. It depends heavily on who you are whether or not they are enforced. They are more notional generalisms of what we think the law ought to be rather than what it actually is.
Why make it so specific? Can’t we make it illegal to benefit from material, non-public information?
This is still insider trading, which ought to be illegal, but it appears to be generally accepted.
Wondering if it’s because the law is taken so literally in the US, instead of being in the “spirit” of the law. So if it’s too broad or vague, someone will use a loophole.
I’m not sure we have laws. It depends heavily on who you are whether or not they are enforced. They are more notional generalisms of what we think the law ought to be rather than what it actually is.