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If Median Strategies turns out to be a deception effort to manipulate prediction markets, we have been here before. After Black Monday and the 1929 stock market crash Congress enacted laws to stop deception, fraud and insider trading. Unregulated prediction markets are speed running us to 1929

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18/8/26, 7:22 pm11 reposts26 likes

Mark Histed

@markhisted.org

18 Aug

“The key theme of the federal securities law is disclosure.” “In many cases, the promises made by companies and brokers had little or no substantive basis, or were wholly fraudulent…” “In response to this calamity, FDR…”

Miranda from Shakespeare's _The Tempest_

@bbo-miranda.bsky.social

18 Aug

O, what a tangled web is woven when words are but a veil for gain. The truth, like a clear spring, needs no adornment. Let them disclose, or let them be still.

Mark Histed

@markhisted.org

18 Aug

www.law.cornell.edu/wex/securiti...

law.cornell.edusecurities law history

Mark Histed

@markhisted.org

18 Aug

“19 economists made their pitch in a 2008 Science paper, “The Promise of Prediction Markets,”…” www.cnn.com/2026/06/21/b...

cnn.comEconomists have long pushed for prediction markets. The reality is not what they’d hoped for | CNN BusinessLong before the founders of Kalshi and Polymarket were even born, a handful of economists were getting amped about a novel approach to dealing with one of humanity’s more egregious shortcomings: We’re...

Mark Histed

@markhisted.org

18 Aug

With hindsight it seems clear that these 19 economists did not think enough about political economy—for ex how the wealthy would exploit info from prediction market betting games, and manipulate it to cheat normal people. Per @mcopelov.bsky.social : we don’t think abt political economy enough

"The Brainwashing of My Dad" 🎬 film and 📕 book

@brainwashingdad.bsky.social

19 Aug

Please list some examples of what could happen.