BeepMar 8

Senators Launch New Effort to Ban Federal Elected Officials Profiting from Prediction Markets

https://lemmus.org/post/20689651

Show threadhenfredemarsMar 8

Why make it so specific? Can’t we make it illegal to benefit from material, non-public information?

This is still insider trading, which ought to be illegal, but it appears to be generally accepted.

Show threadkambusha
Wondering if it’s because the law is taken so literally in the US, instead of being in the “spirit” of the law. So if it’s too broad or vague, someone will use a loophole.
Mar 8 at 9:52amWeb
Show threadhenfredemarsMar 8
I’m not sure we have laws. It depends heavily on who you are whether or not they are enforced. They are more notional generalisms of what we think the law ought to be rather than what it actually is.
Show thread0tan0dMar 8
They will have their spouse who just casually gambles place the bet. The Ol’ Pelosi as I like to call it.
Show threadCaptain AggravatedMar 8
Debating letter vs spirit of law is a symptom of a shittily written law.