Wintermute CEO opposes insider trading in prediction markets: Exploiting uninformed users for profit is unethical.

[Wintermute CEO Opposes Insider Trading in Prediction Markets: Exploiting Uninformed Users is Unethical] According to Mars Finance, on January 6th, Wintermute founder and CEO Evgeny Gaevoy stated his opposition to insider trading in prediction markets. He lamented that it would be regrettable if insider trading were normalized and glorified as a feature rather than a loophole. He expressed utter contempt for those engaging in insider trading on Polymarket or Kalshi. His retweeted post also mentioned that even a whiff of non-public information should deter one from trading in such markets. While insider traders might escape punishment, it's not worth the risk; they could end up in jail for insider trading on Polymarket. Knowing full well that a profit is guaranteed yet still speculating is extremely unethical and constitutes exploiting those who are unaware of the truth.