Why catching insider trading is so tricky nowadays, and just how helpful is it for kids to sleep in?
Insider trading remains a significant issue, particularly with the rise of prediction markets like Polymarket. U.S. Senator Richard Blumenthal has proposed legislation to regulate these markets more like traditional sportsbooks to reduce anonymity and potential insider trading. Meanwhile, the demand for electricity in Texas is projected to increase dramatically, raising concerns about the capacity of the state's power grid.
- ▪An American soldier allegedly turned $33,000 into over $400,000 using insider information.
- ▪Senator Blumenthal's legislation aims to make prediction markets more transparent and regulated.
- ▪Texas is facing a projected 143% increase in electricity demand over the next five years.
Opening excerpt (first ~120 words) tap to expand
Business Why catching insider trading is so tricky nowadays, and just how helpful is it for kids to sleep in? May 18, 20266:48 AM ET Cooper Katz McKim Scott Olson/Getty Images You're reading a preview of the brand new newsletter from The Indicator from Planet Money. Once a week, we're curating our favorite stories and insights on business, finance, economics and adding context on why they matter. Subscribe here to get it in your inbox every Friday. Today's Indicator: >$400,000Insider trading is a problem. So how do we stop it? It's a real profitable time to have access to privileged information. An American soldier allegedly used classified information to turn $33,000 into more than $400,000.
…
Excerpt limited to ~120 words for fair-use compliance. The full article is at NPR — News.