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Caitlin Ostroff

๐Ÿ‘ค Speaker
90 total appearances

Appearances Over Time

Podcast Appearances

The Journal.
Insiders Are Cashing In on Prediction Markets

I mean, there's kind of twofold.

The Journal.
Insiders Are Cashing In on Prediction Markets

So one is just if you are a normal trader and you're sitting there on the couch betting on, you know, whether the Seahawks win.

The Journal.
Insiders Are Cashing In on Prediction Markets

Or the halftime show.

The Journal.
Insiders Are Cashing In on Prediction Markets

If you are a normal person betting in those, that's not really a fair market for you, right?

The Journal.
Insiders Are Cashing In on Prediction Markets

Like you're going up against people who have more information than you.

The Journal.
Insiders Are Cashing In on Prediction Markets

On the flip side of that, you have, you know, these markets that are more sensitive.

The Journal.
Insiders Are Cashing In on Prediction Markets

Will Maduro be ousted?

The Journal.
Insiders Are Cashing In on Prediction Markets

Will Israel strike Iran?

The Journal.
Insiders Are Cashing In on Prediction Markets

Those are markets that do have implications for national security.

The Journal.
Insiders Are Cashing In on Prediction Markets

And this is information that governments keep very closely held because of the potential to have operations go wrong.

The Journal.
Insiders Are Cashing In on Prediction Markets

And that puts lives in jeopardy and it, you know, can create all sorts of ripple effects.

The Journal.
Insiders Are Cashing In on Prediction Markets

And so that type of information basically becoming public can be really dangerous.

The Journal.
Insiders Are Cashing In on Prediction Markets

Right.

The Journal.
Insiders Are Cashing In on Prediction Markets

Exactly.

The Journal.
Insiders Are Cashing In on Prediction Markets

Exactly.

The Journal.
Insiders Are Cashing In on Prediction Markets

There's all of these different ways in which you can have potential manipulation of prediction markets.

The Journal.
Insiders Are Cashing In on Prediction Markets

And those, again, the average person can be really hard to see.

The Journal.
Insiders Are Cashing In on Prediction Markets

If you're a normal person, it's rife with potential for manipulation and discrepancy, and it can be really hard to navigate.

The Journal.
Insiders Are Cashing In on Prediction Markets

That's a great question.

The Journal.
Insiders Are Cashing In on Prediction Markets

Polymarket does not have markets for itself yet.