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BenzingaArthur Hayes, chief investment officer at Maelstrom Fund, stated that prediction markets should not restrict insider information. He argued that prices should reflect all available data except in cases of theft or fraud.
skysports.comMore than $1 billion has been wagered this year on prediction markets tied to military decisions and outcomes. CBS News reported that 60 Minutes is investigating bets with information appearing too specific for civilian outsiders. The investigation airs this Sunday.