> no SEC lawsuit or civil complaint

The suspect didn't trade securities. SEC doesn't have jurisdiction. The curiosity–to me as a layman–is that this is being prosecuted by the DoJ versus under the UCMJ.

Polymarket isn't doing anything about it. It's the US government because obviously while I suppose this info made a more accurate "prediction" it also yk, leaked confidential state military secrets which is something the government can prosecute. They're not being prosecuted for insider trading on Polymarket

Insider bets distort the probabilities, creating a conflict of interest and causing market manipulation. We don't let athletes bet on their own games, because some will deliberately lose. They will do this when the odds are good and they will make more money. So you don't get accurate predictions, because the more probable something is, the better the odds and the more money to be made by someone manipulating the odds.

End result is you place bets against things you want to happen. eg. USA invading Iran. If you win the bet, you make money. If you lose the bet, you still win because the USA invaded Iran. And maybe that happened because people in power took your bet and influenced the odds in their favor. A fully deniable market for bribes. Same reason you can't bet on unnatural death, because it crowdsources assassination.

Sure, but the purpose of the FBI is to go after people leaking classified military Intel.

Different people and organizations in this world have different goals. More news 10.

I thought so too. Giving people with insider info a chance to make a buck in ways they didn't have before.

Not my downvote btw, corrective upvote now applied.

From the indictment, he's being charged with the following:

* Unlawful Use of Confidential Government Information for Personal Gain

* Theft of Nonpublic Government Information

* Commodities Fraud

* Wire Fraud

* Engaging in a Monetary Transaction in Property Derived from Specified Unlawful Activity

https://www.justice.gov/usao-sdny/media/1437781/dl

It's rather obviously illegal to leak classified intel by taking public actions based off of it... that's practically the meaning of the word "classified".

Not true, they lobbied very hard to be regulated under the CFTC because of its more relaxed rules

Polymarket isn't being accused or charged with wrongdoing.