New Rules for Prediction Markets

預測市場的新規則


Introduction

Prediction markets are growing fast. Now, the government and big companies have problems with these markets.

預測市場成長迅速。現在,政府與大公司對這些市場感到困擾。

Main Body

Some people use secret information to make money. A Google worker did this on Polymarket. Now, the government is punishing him. Because of this, Goldman Sachs says its workers cannot trade on these sites.

有些人利用秘密資訊來獲利。一名 Google 員工在 Polymarket 上這樣做,現在正受到政府懲處。因此,高盛表示其員工不得在這些網站上交易。

Other banks like JPMorgan are making new rules. Many companies do not have rules yet. This is dangerous. Workers might use secret data and the company will get in trouble.

其他銀行如摩根大通也正在制定新規則。許多公司目前尚未制定規則,這很危險。員工可能會使用秘密數據,導致公司陷入麻煩。

The federal government and nine states are fighting. The government says it has the power. The states say these markets are illegal gambling. Minnesota banned these sites. A court in New York also said no to one company.

聯邦政府與九個州正陷入爭執。政府聲稱擁有權限,而各州則認為這些市場屬於非法賭博。明尼蘇達州已禁用這些網站,紐約的一家法院也對某公司做出了否定裁決。

Conclusion

These markets are in a difficult time. Companies are making rules, and the government is still fighting about the law.

這些市場正處於困難時期。公司正在制定規則,而政府仍就法律問題爭執不休。

Vocabulary Learning

🛠️ The "Action-Result" Pattern

In this text, we see a simple way to connect a Reason to a Result. This is the fastest way to move from A1 to A2 English.

The Pattern: [Something happens] \rightarrow [Something else happens as a result]

Examples from the text:

  • A worker used secret info \rightarrow The government is punishing him.
  • This is dangerous \rightarrow The company will get in trouble.

How to build your own sentences: Use the word "Because of this" to glue two ideas together.

  • Example: I am tired. \rightarrow Because of this, I will go to sleep.
  • Example: It is raining. \rightarrow Because of this, I have an umbrella.

Key Words to Notice:

  • Banned: To say "No, you cannot do this here."
  • Fighting: When two groups disagree and argue about the law.

Vocabulary Learning

prediction (n.)
a guess about what will happen in the future
Example:My prediction is that it will rain tomorrow.
punishing (v.)
making someone suffer for doing something wrong
Example:The teacher is punishing the student for talking in class.
trade (v.)
to buy and sell things
Example:Some people trade stocks to make money.
dangerous (adj.)
not safe; likely to cause harm
Example:It is dangerous to walk alone at night in this city.
illegal (adj.)
against the law
Example:Stealing is illegal in every country.
gambling (n.)
playing games for money by guessing the result
Example:Gambling in a casino can be very risky.
banned (v.)
officially stopped or not allowed
Example:The school banned mobile phones in the classroom.
Practice A2 words in a crossword