Prediction markets are creating new opportunities for unregulated insider trading and unethical betting by turning politics into a game

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Matt Motta, Boston University and Robert Ralston, University of Birmingham

Arrests for betting on the U.S. military operation that removed Venezuelan leader Nicolás Maduro. Death threats from gamblers to a journalist reporting on an Iranian missile attack on Israel. Fears of government officials manipulating world events – including the Iran war – to make a quick buck.

These are some of the many concerns that experts have raised about how prediction markets – online marketplaces that allow people to bet on world

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