Arthur Hayes Opposes Insider Trading Guardrails For Prediction Markets Like Kalshi, Polymarket: ‘Data Deserves To Be Free’ For Better Decisions Alt: Arthur Hayes Opposes Insider Trading Restrictions In Prediction Markets, Says ‘Data Deserves To Be Free’ And Prices Should Reflect…
ll Possible Information’ Arthur Hayes, Chief Investment Officer at Maelstrom Fund, weighed in on the insider trading debate in prediction markets, saying people will make better calls when information flows freely. Hayes Says Excessive Regulations Unnecessary In a statement shared with Benzinga, Hayes firmly opposed the idea of regulating insider information, endorsing an arguably libertarian viewpoint. “Data deserves to be free, and market participants can make better decisions if all possible information is reflected in the price of things,” the BitMex co-founder stated
In fact, Hayes argued that, apart from theft or fraud, which are already illegal, these markets should remain unregulated. Alarm Over Insider Trading Prediction markets have lately come under heightened scrutiny. Precisely timed, large bets, especially those involving U.S. military operations in Iran and Venezuela, have raised red flags.
Last month, a U.S. soldier was charged with allegedly using classified information to profit on a Polymarket bet linked to the capture of Venezuela’s ousted leader, Nicolás Maduro. Lawmakers have taken decisive action on the issue. In April, the Senate unanimously adopted a resolution banning Senators, officers, and staff from engaging in prediction markets.