Messari analyst says only KYC-based prediction markets can realistically curb insider trading

Messari research analyst Austin Weiler argues that insider trading can only be meaningfully deterred on prediction markets that implement Know Your Customer checks, while fully onchain, non-KYC platforms face near-impossible enforcement. He notes that even KYC cannot completely prevent abuse, as insiders may still pass information to third parties, but it allows platforms to restrict access and raise enforcement standards amid growing scrutiny of political and geopolitical betting.