For financial markets, insider trading is illegal because it makes legitimate funding signals less accessible, because it reduces trust in the market. It DOES accelerate information of the market, it just has trust and financial-impact effects that makes it problematic.
For information markets, insider trading is JUST information. It makes the market more accurate.
For financial markets, insider trading is illegal because it makes legitimate funding signals less accessible, because it reduces trust in the market. It DOES accelerate information of the market, it just has trust and financial-impact effects that makes it problematic.
For information markets, insider trading is JUST information. It makes the market more accurate.
Would insider trading work out if everyone knew who was asking to trade with them ahead of time?