> Its the fact that it gives very powerful people a vehicle to make lobsided bets on outcomes they control.
OK, and? The market is just paying them to make information about their decisions public.
OK, and? The market is just paying them to make information about their decisions public.
If "Politician XYZ takes the day off and sits on the couch" were paying 100-1 odds, it wouldn't be such a big drama (although, again, the existence of the bet would still impact their behaviour)
This also isn't a theoretical issue that may happen - it dissapoints me that very few people know this but - on October 10th when BTC fell from $122k to $104k because of a trump announcement, someone created a short position 30 minutes before Trump announced 100% tariffs on Chinese imports and profited $200M USD.