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Chaotic Prediction Markets Need to Be Reined In: Editorial

The old adage about ducks — if it looks, swims and quacks like one, it probably is one — seems to be escaping US regulators, who have so far accepted the claim by some gambling companies that they are not actually gambling companies. Congress ought to act before this artifice does further damage.

Iran War Wagers Are Ghoulish — and Troubling: Paul J. Davies

As bad behavior in finance goes, the idea of insiders betting on the US and Israel attacking Iran is about as appalling as it gets. Cashing in on death and destruction across the Middle East — or anywhere else — would be despicable. But beyond the moral dimension, there’s also the issue of national security: Given that handing such information to an enemy would be an act of treason, should risking intelligence leaks through price signals be seen as any less traitorous?

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