"The head of the Department of Justice's Civil Rights Division, Harmeet Dhillon, has reposted a prediction market wager on a possible DOJ prosecution. Dhillon reposted an X post from prediction market Polymarket promoting 36% odds on journalist Don Lemon being prosecuted by the DOJ, writing: "Three now arrested." This comes after a federal judge found no probable cause of Lemon committing a crime, following the Trump administration indicting three demonstrators at a Minnesota protest that the journalist was covering."
"Dhillon's post has sparked renewed concern that those in positions of power could influence prediction market odds, just a few weeks on from insider trading fears arising on Polymarket following the arrest of Venezuelan President Nicolas Maduro. An anonymous user made over $400,000 on a bet that Maduro would be replaced on the very same day that the Trump administration moved against him."
Harmeet Dhillon, head of the DOJ Civil Rights Division, reposted a Polymarket X post showing 36% odds that journalist Don Lemon would be prosecuted by the DOJ and added "Three now arrested." A federal magistrate judge found no probable cause that Lemon committed a crime after the Trump administration indicted three demonstrators at a Minnesota protest Lemon was covering. The repost renewed concerns about people in power influencing prediction-market odds. Recent Polymarket activity included an anonymous user making over $400,000 on a same-day bet about Venezuelan President Nicolas Maduro, prompting 30 members of Congress to back legislation to curb insider trading on prediction markets.
Read at ReadWrite
Unable to calculate read time
Collection
[
|
...
]