alt Hacker News> especially in a multipolar world where American sanctions increasingly fail
You're claiming the U.S. government is impotent against holding Polymarket to account?
> These markets are global
The trades in question are bets on Polymarket and Intercontinental Exchange Brent oil futures. These are well within the remit of American law enforcement.
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Mtinie • yesterday at 10:55 PM
Why would the U.S. government want to sabotage prediction markets when the chief executive has a vested interest in keeping them legitimate?
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>You're claiming the U.S. government is impotent against holding Polymarket to account?
Yes, if US regulators quash Polymarket their lunch will be eaten by a global competitor HQ'd in a country the US can't touch.
A lot of the insider weekend trading of oil is happening on hyperliquid, a DEX associated with developers in Singapore, what can the SEC or CFTC do to them?