DOJ's insider trading prosecutions in prediction markets signal a major shift in legal landscape.
Key takeaways
The DOJ’s recent insider trading prosecutions against prediction market participants mark a significant legal development.
Insider trading is not a legal term, and its definition varies from common perceptions.
Trading on insider information is fundamentally unfair and poses serious risks.
Insider trading cases typically involve charges of securities fraud or wire fraud.
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The charges from the Department of Justice carry stiff potential penalties.
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