Comment on Same betting app you can bet on the impacts of climate change, promoting gambling on a collapsing government

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chicken@lemmy.dbzer0.com ⁨1⁩ ⁨day⁩ ago

I’m not sure what you mean, in this case the definition of public would be anyone who can see the state of the market (everyone), and so can see when insider trading visibly moves the price. The idea being that doing the insider trading unavoidably leaks the information in this way, they can’t hide it unless they can manage to actually prevent all insiders from trading on their inside knowledge.

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