DEX in the City: Why Prediction Market 'Insider Trading' Isn't Illegal — Yet

Unchained

Laura Shin

News, Tech News, Business News

4.6 • 1.3K Ratings

🗓️ 10 January 2026

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Thank you to our sponsor, Mantle! Canton's in bed with Nasdaq, a Google DeepMind's paper talks up the role of blockchain in an agentic economy and an alleged insider cashes in on Maduro's capture. In this DEX in the City episode, hosts Katherine Kirkpatrick Bos, Jessi Brooks and Vy Le dive into the implications of Canton's Nasdaq deal, why DeepMind's study matters for crypto and the legality of insider trading on prediction markets. Vy highlights what Canton's Nasdaq deal signals about the priorities of institutions adopting blockchain technology. Katherine and Jessi engage in what happens when the machines take over. Plus, should federal officials be banned from using prediction markets? Hosts: Jessi Brooks Katherine Kirkpatrick Bos TuongVy Le Links: Bitcoin Rallies to $93,000 After U.S. Attack on Venezuela How the x402 Standard Is Enabling AI Agents to Pay Each Other Why the Black Friday Whale’s $192 Million Crypto Trade Was Legal DEX in the City: Insider Trading and Crypto: What the Law Actually Says Google DeepMind’s agentic economy paper Pawthereum's website A copy of Rep. Ritchie's bill Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	So something that could get you indicted with respect to insider trading in the stock market can be totally legal in a prediction market.
0:08.4	And it's not because if a federal official is trading on an outcome tied to government action because they have classified information or just even any information that the public doesn't have access to, that is monetizing state power.
0:27.9	Hi, all, and welcome to Decks in the city where the wallets are cold and the takes are hot.
0:33.8	First, we have Jesse, Web3 prosecutor turned Web3 protector at Ribbic Capital.
0:38.8	Hi, everyone. Happy New Year.
0:41.2	And V from the SEC to Web3.
0:44.8	Happy New Year, everyone. It's so good to be back.
0:47.8	And I'm your host, Catherine, KK, KKB, fluent in TradFi and Conversing in DeepTac over at Starkware. Before we start a jam-packed episode,
0:58.1	here's a word from the sponsors that make the show possible. Mantel is launching the global
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	...

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