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Crypto prediction markets are turning into dangerous national security risks, and Congress wants to ban them
Key takeaways
- In an interview with CoinDesk, Nicolas Vaiman, Bubblemaps co-founder and CEO, expressed deep concern over the national security implications of this new alleged wave of insider trading.
- “The issue here is they can make war plans accordingly,” Vaiman said. “Just to put it bluntly, this could potentially expose the lives of many people.”
- Vaiman said U.S. adversaries could easily spot the insider trading patterns and use that information to plan their own military strategies.
In an interview with CoinDesk, Nicolas Vaiman, Bubblemaps co-founder and CEO, expressed deep concern over the national security implications of this new alleged wave of insider trading. He warned that if those observing the predictions markets can spot irregular trades, so can enemies of the United States.
“The issue here is they can make war plans accordingly,” Vaiman said. “Just to put it bluntly, this could potentially expose the lives of many people.”
Vaiman said U.S. adversaries could easily spot the insider trading patterns and use that information to plan their own military strategies.
Article preview — originally published by CoinDesk. Full story at the source.
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