| ▲ | polski-g 4 hours ago |
| How is this illegal? Polymarket isn't a US-regulated market. |
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| ▲ | junar 4 hours ago | parent | next [-] |
| From the indictment, he's being charged with the following: * Unlawful Use of Confidential Government Information for Personal Gain * Theft of Nonpublic Government Information * Commodities Fraud * Wire Fraud * Engaging in a Monetary Transaction in Property Derived
from Specified Unlawful Activity https://www.justice.gov/usao-sdny/media/1437781/dl |
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| ▲ | paulpauper 4 hours ago | parent [-] | | So had this not involved presumed military secrets, it would have been legal? So it was the classified info that made it a crime, and then the insider trading aspect was later tacked on? It's crazy how the government adds so many charges. This guy is screwed. | | |
| ▲ | gdulli 4 hours ago | parent [-] | | That's part of the Chesterton's Fence nature of why these markets are bad. We know insider trading is a bad thing for the stock market, so it's policed. These markets, being a post-regulation internet free for all, aren't. |
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| ▲ | gpm 4 hours ago | parent | prev | next [-] |
| It's rather obviously illegal to leak classified intel by taking public actions based off of it... that's practically the meaning of the word "classified". |
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| ▲ | georgemcbay 4 hours ago | parent [-] | | It is illegal to leak classified intel if you're just an average person. If you're the Trump hand-picked Secretary of the War Department then it is not illegal and will never be punished. Always remember which tier of justice you are on prior to committing a crime! | | |
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| ▲ | ivewonyoung 3 hours ago | parent | prev [-] |
| Polymarket isn't being accused or charged with wrongdoing. |
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