Kimberly Adams

And so what pushed Congress to eventually ban insider trading on commodities?

We're going to get more into the current day and what's going on with these prediction markets when we come back.

We're going to take a quick break.

We will be right back.

All right.

We are back with Marketplace's Megan McCarty Carino.

And in your reporting on prediction markets and potential insider trading, you've talked with some folks who think that insider trading on prediction markets is actually a good thing, similar to what you were saying with sort of the crop predictions and things.

Lay out a bit more of the argument for why in the current landscape, especially when we're talking about geopolitical issues and even sports, why insider trading could be a good thing.

I think a lot of this, though, gets to people's sense of fairness as well.

Like they want to think if they're getting on calci or poly market that, you know, they've got as much of a chance as anybody else of winning.

But when some folks have access to information that not everybody else does, it doesn't seem fair.

And it seems like the prediction markets themselves are kind of in that bucket because they say they're taking steps to curb insider trading on their platforms.

What kind of steps are they taking?

Yeah.

So some of these suspicious bets have also gotten the attention of Congress, particularly those bets on Venezuela and the war with Iran.

What are lawmakers at least attempting to do about this issue?

And if folks want to follow it, we are going to have links to Megan's reporting on all of this in our show notes.

Megan, thank you so much.

Megan McCarty Carino is one of our senior reporters at Marketplace and a frequent host of Marketplace Tech.

And since we've been talking tech, even though that's it for us today, I want to flag that tomorrow we're going to have another very tech-focused conversation.