Looks like Hollywood is going to do something about insider trading before the U.S. Congress does something about its own insider trading.
\n\nWith online gambling now wide open, we have these betting prediction markets to steal people’s hard-earned money on just about everything imaginable.
\n\nOn top of sports, political races, decisions made by the Federal Reserve, weather, and words said in public speeches, you can bet on what’s going to happen in entertainment — everything from Oscar nominations, box office grosses, and casting decisions, like who will be the next James Bond.
\n\nObviously, knowing what will happen before the news is released publicly can mean big money. This is known as insider trading, which is illegal for stock trades and in these prediction markets. Hollywood is worried enough about it that the word has gone out…
\n\nThe far-left Hollywood Reporter reports that “studios and production companies have been quietly issuing new guidelines to employees warning them not to engage in prediction market betting.”
\n\n“The warnings prohibit employees from placing bets on news events like studio earnings, casting, or even release dates. Passing information along to friends and family for them to place bets is likewise forbidden,” adds the report. “At…
Original source: https://www.breitbart.com/entertainment/
