chrischapmanWhite House staff told not to place bets on prediction markets
For those who live in the red-pilled real world, just don't trade on something where controlling insiders (with a conflict-of-interest) can beat you at the game. This is different from bets with non-controlling insiders with no conflict-of-interest.
The key is avoiding the bets with controlling insiders, i.e. those that could have a conflict of interest. Even something as banal as weather data has some insider knowledge, but an insider has no practical control over it, i.e. the insider is non-controlling, with no conflict-of-interest.