Comment by LeonardoTolstoy

I feel like if you followed the NBA scandal involving Chauncey Billups the wire fraud charge for insider prediction market trading was inevitable.

Damon Jones didn't work for the NBA and basically just told some people the status of an injury to LeBron because he hangs out with him (in exchange for money). His crime I guess is gambling illegally? But wire fraud (I think they even say "creating a fraudulent market") was thrown in there.

Seemed inevitable they were going to start charging prediction market insiders the same way.