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Insider trading is hard to curb on non-KYC prediction markets, but even identity checks do not fully eliminate abuse, according to Messari\u2019s Austin Weiler.<\/p>\n
Concerns over insider trading on prediction markets have intensified after a series<\/a> of high-profile bets on geopolitical events, prompting fresh questions over whether it\u2019s even feasible to curb such practices in the growing industry sector.<\/p>\n Preventing insider trading is realistically possible only on prediction markets app<\/a>lying Know Your Customer (KYC) measures, according to Austin Weiler, a research analyst at the blockchain intelligence firm Messari.<\/p>\n \u201cFor KYC\u2019d platforms, the most effective mechanism is to restrict access upfront for users to specific markets,\u201d Weiler told Cointelegraph, adding that state actors could be restricted from political or geopolitical markets.<\/p>\n Read more<\/p>\n If you liked the article, do not forget to share it with your friends. Follow us on\u00a0Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n If you want to read more News<\/a> articles, you can visit our General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n\n