Wudi@feddit.uk to Technology@lemmy.worldEnglish · 8 days agoGoogle worker charged with using internal data to make $1.2m on betswww.bbc.comexternal-linkmessage-square22linkfedilinkarrow-up1278arrow-down13
arrow-up1275arrow-down1external-linkGoogle worker charged with using internal data to make $1.2m on betswww.bbc.comWudi@feddit.uk to Technology@lemmy.worldEnglish · 8 days agomessage-square22linkfedilink
minus-squareushmel@piefed.worldlinkfedilinkEnglisharrow-up20arrow-down1·8 days agoInsider trading? Did they update finance laws to cover gambling?
minus-squaredev_null@lemmy.mllinkfedilinkEnglisharrow-up1·edit-23 days agoPolymarket skirts gambling laws by insisting it’s not gambling. Instead it’s legally registered as a futures market (or something like that, I don’t remember the details). So all bets are legally stock market trades. Knowing that, it makes sense.
minus-squarevillage604linkfedilinkEnglisharrow-up1·8 days agoIt might be because they used crypto which is kinda treated like an investment vehicle now.
Insider trading? Did they update finance laws to cover gambling?
Polymarket skirts gambling laws by insisting it’s not gambling. Instead it’s legally registered as a futures market (or something like that, I don’t remember the details). So all bets are legally stock market trades.
Knowing that, it makes sense.
It might be because they used crypto which is kinda treated like an investment vehicle now.