Roxanne First's insider guide to Cape Town
The jewellery designer says you can’t beat the South African city for incredible views, an up-and-coming food scene and sundowners on the beach Source link
All posts tagged: insider
The Facebook insider building content moderation for the AI era
When Brett Levenson left Apple in 2019 to lead business integrity at Facebook, the social media giant was in the thick of the Cambridge Analytica fallout. At the time, he thought he could simply fix Facebook’s content moderation problem with better technology. The problem, he quickly learned, ran deeper than technology. Human reviewers were expected to memorize a 40-page policy document that had been machine-translated into their language, he said. Then they had about 30 seconds per piece of flagged content to decide not just whether that content violated the rules, but what to do about it: block it, ban the user, limit the spread. Those quick calls were only “slightly better than 50% accurate,” according to Levenson. “It was kind of like flipping a coin, whether the human reviewers could actually address policies correctly, and this was many days after the harm had already occurred anyway,” Levenson told TechCrunch. That sort of delayed, reactive approach is not sustainable in a world of nimble and well-funded adversarial actors. The rise of AI chatbots has only …
Warner, Schiff probe potential insider trading in government
Senator Mark Warner (D-VA) and Sen. Adam Schiff (D-Calif.). Nathan Posner | Anadolu | Tom Williams | CQ-Roll Call, Inc | Getty Images Sens. Mark Warner, D-Va., and Adam Schiff, D-Calif., demanded answers on potential insider trading in government in a letter sent Thursday to the head of the Securities and Exchange Commission and the Department of Defense inspector general. The senators cited public reporting of “large positions in equities and equity-linked derivatives” being built up before major policy announcements, such as decisions related to the Iran war and President Donald Trump’s tariffs agenda. And they suggested those instances indicate “federal officials are disclosing material nonpublic information for financial gain.” “Recent reports of equity trading that occurred shortly before significant government policy announcements suggest that federal officials are disclosing material nonpublic information for financial gain,” the lawmakers wrote in the letter to SEC Chair Paul Atkins and Pentagon IG Platte Moring. “These actions undermine public interest and market integrity, and demand oversight by each of your respective authorities, as well as by Congress.” The letter …
Democrats push Trump admin on prediction market insider trading
Over 40 Democrats in the U.S. House and Senate signed a letter to top administration regulators and ethics officials on Monday asking for governmentwide training on insider trading in prediction markets. The letter to the Commodity Futures Trading Commission and the Office of Government Ethics comes after weeks of increasing scrutiny regarding potential insider trading by government employees using prediction markets like Polymarket and Kalshi. The letter highlights concerns that federal employees may have used insider knowledge to make hundreds of thousands of dollars in profit from trades relating to the capture of Nicolás Maduro, the death of Iran’s Supreme Leader Ali Khamenei and the length of White House press conferences. To date, no federal employee has faced federal charges related to insider trading on event-driven news. “Given the exponential growth in prediction market trading, rising evidence suggesting possible governmental insider trading in prediction markets, and potential confusion surrounding existing law in this area, we ask that the CFTC and OGE issue guidance reminding federal employees of their existing legal obligation to refrain from using …
Evidence of insider trading on Iran war grows
Twenty-two years ago a famous American became the poster child for insider trading when she was found to have taken a tip from her broker about a falling stock price and saved herself about $45,000 in losses. Martha Stewart, the extremely wealthy entrepreneur and “domestic lifestyle influencer,” spent five months in jail for lying about what she’d done. She paid restitution and fines, and came back just fine afterward. But the punishment struck many people as excessive. It was clear prosecutors sought to make an example of her and send a message that no one is above the law when it comes to insider trading. Somebody didn’t get the memo. Monday saw what appears to be one of the biggest insider trades ever registered, and there’s nobody minding the store willing to find out who it was. In fact, it may be that the store itself was in on it. Over the weekend, and seemingly out of the blue, President Trump took to Truth Social to threaten Iran with what, if executed, would amount to …
Kalshi, Polymarket insider trading rules not enough: Sens. Schiff, Curtis
A pair of bipartisan senators on Wednesday said they won’t drop their push to ban sports prediction market contracts, despite Kalshi and Polymarket announcing new insider trading restrictions on their platforms. “It’s got to be more than an aspirational statement by these companies,” Sen. Adam Schiff, D-Calif., told CNBC’s “Squawk Box” when asked about those platforms’ self-imposed new rules. Kalshi on Monday said it would preemptively block politicians, athletes and “other relevant people” from betting on their own campaigns or sporting events. The same day, Polymarket announced it would impose its own guardrails to address insider trading and market manipulation. The new restrictions came as Schiff and Sen. John Curtis, R-Utah, introduced legislation that would give states, rather than federal regulators, control over sports betting and casino-style games. The bill would prohibit Commodity Futures Trading Commission-registered entities from listing any such prediction contract. In a joint CNBC interview Wednesday morning, the senators said the companies’ efforts to police themselves are insufficient. “I don’t think it’s enough,” Schiff said. “It’s one thing to say, ‘This is our policy.’ It’s …
Polymarket tightens insider trading rules as scrutiny grows across prediction markets
Polymarket has revised its trading rules, adding tighter controls as prediction markets draw closer attention from regulators and competitors. The company announced the updated standards apply across both its decentralized finance platform and its regulated U.S. exchange, with a focus on clearer boundaries for trading behavior. The new rules now sit inside the Terms of Use for its DeFi product and the formal rulebook for its U.S. exchange. Together, they give more direct guidance on what traders are allowed to do, especially when sensitive or nonpublic information is involved. It comes as Polymarket was criticized after a bet on the Venezuelan President Nicolas Maduro resulted in a $400,000 cashout. Polymarket #Maduro bet resulting in $400,000 cashout sparks concerns of insider trading – https://t.co/XTI0703hj4 #madurocaptured — Suswati Basu (@suswatibasu) January 5, 2026 “Markets thrive on clarity,” said Neal Kumar, Chief Legal Officer of Polymarket. “These rule enhancements make our expectations abundantly clear for every participant across both platforms and highlight the compliance infrastructure we have already built. As Polymarket continues to scale, we will build on …
It’s time for Congress to deliver and ban insider stock trading
The Restore Trust in Congress Act, which would ban members of Congress, their spouses, and dependent children from trading and owning individual stocks during their tenure in office, is supported by both sides of the political aisle and is seen as a much needed reform to restore trust in the government. Source link
Iran’s next supreme leader, Ali Khamenei’s son, is a powerful regime insider
Iran’s Assembly of Experts chose Mojtaba Khamenei, son of Ayatollah Ali Khamenei, who was killed in U.S-Israeli strikes, to be supreme leader, state media said. Source link
Insider Trading Is Going to Get People Killed
Ayatollah Ali Khamenei was not, it’s safe to assume, a devoted Polymarket user. If he had been, the Iranian leader might still be alive. Hours before Khamenei’s compound in Tehran was reduced to rubble last week, an account under the username “magamyman” bet about $20,000 that the supreme leader would no longer be in power by the end of March. Polymarket placed the odds at just 14 percent, netting “magamyman” a profit of more than $120,000. Everyone knew that an attack might be in the works—some American aircraft carriers had already been deployed to the Middle East weeks ago—but the Iranian government was caught off guard by the timing. Although the ayatollah surely was aware of the risks to his life, he presumably did not know that he would be targeted on this particular Saturday morning. Yet on Polymarket, plenty of warning signs pointed to an impending attack. The day before, 150 users bet at least $1,000 that the United States would strike Iran within the next 24 hours, according to a New York Times …