Steve Sosnick: DOJ’s insider trading prosecutions target prediction markets, legal definitions of insider trading differ from public perception, and the Chastain case reshapes digital asset regulation | Unchained

- The DOJ is finally treating prediction markets like the wild west they are, prosecuting insider trading with a vigor that suggests regulators just discovered the concept of "fair play." Steve Sosnick notes that the legal definition of insider trading here is messy, but let’s be real: if you’re trading on non-public info in crypto, you were never innocent anyway. The Chastain case is reshaping digital asset regulation, turning what was once a "move fast and break things" playground into a compliance minefield. Moonboys can keep dreaming of 100x gains while the SEC and DOJ sharpen their knives. It’s not about innovation anymore; it’s about who has the best lawyers to explain why their "alpha" wasn't actually illegal. Enjoy the new era of boring, regulated chaos.