Duty Owed vs. Material Nonpublic Information: Prediction Markets and Compliance

About this episode

Tom Fox and Matt Kelly discuss the implications of prediction markets on compliance, focusing on the concept of 'duty owed' versus traditional insider trading laws.

The award winning, Compliance into the Weeds is the only weekly podcast which takes a deep dive into a compliance related topic, literally going into the weeds to more fully explore a subject. Looking for some hard-hitting insights on compliance? Look no further than Compliance into the Weeds! In this episode of Compliance into the Weeds, Tom Fox and Matt Kelly discuss the prediction markets and what they mean for compliance. Tom and Matt focus on the phrase “violation of a duty owed” by employees and notes that this standard appears significantly broader than traditional insider trading laws. They explain that insider trading law centers on the disclosure of material nonpublic information, whereas a “duty owed” framework emphasizes the underlying duty itself. Because “duty owed” could encompass many different types of obligations beyond material nonpublic information, the speaker highlights the potential compliance implications and expresses interest in exploring a related hypothetical scenario. Resources Tom Instagram Facebook YouTube Twitter LinkedIn A multi-award winning podcast, Compliance into the Weeds was most recently honored as one of a Top 25 Regulatory Compliance…

People in this episode

Host: Tom Fox

Guest: Matt Kelly

Topics covered

• compliance
• prediction markets
• insider trading
• duty owed
• material nonpublic information

Keywords

• compliance insights
• regulatory compliance
• business law
• risk management

Mentioned in this episode

Books & works: Compliance into the Weeds, a Davey, Communicator and w3 Award

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