Werner Antweiler

There was somebody who actually made a big profit on this.

We don't know who that person is, but we do know it happened that this person took a profit.

And that really looked a lot like insider information.

And that is a potential when you have events that are happening that are actually determined by individual people or a small circle of people.

They have knowledge that others don't.

And so they could trade on that.

With elections, that wasn't possible because elections are determined by millions of people actually go into the ballot boxes.

But that is not true for many of the events that are being traded upon in these commercial prediction markets.

Yeah, in the United States, it's actually not really regulated.

It's a wild west of prediction markets, as I would call it.

It's a lacking regulation.

And the current administration in the United States is all gung-ho for everything that's crypto and that's new markets.

And in fact, there is a link to crypto because some of these markets actually are based on accepting crypto currencies for investment.

And so that makes it really hard to actually trace who is actually benefiting.

And that's precisely this lack of transparency and lack of accountability that leads me to question these markets when it actually opens the door really wide for insider trading.

Well, if it's like that, you know, people just want to bet on those sporting outcomes, it's like betting.

And that needs to be regulated by the provinces.

And if there's money to be made, that shouldn't be a commercial profit.

Like all gambling in the province here in British Columbia, it's regulated by our province and the money actually goes to the public purse and will be recirculated as profits to good causes.

So that should be the norm for betting.