FORAXION TIMESOCTOBER 2026
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“Those markets are killed forever”: Servan-Schreiber on insider trading and the truth-machine problem
In an interview with Compliance+More on 15 September 2026, Émile Servan-Schreiber argued that suspected insider trading damages the product itself, not just compliance. It drives informed traders out of real-money prediction markets, and play money removes the incentive to rig outcomes.
Prediction markets can work without money on the line: Servan-Schreiber in Bloomberg Opinion
In a Bloomberg Opinion essay on 8 July 2026, Émile Servan-Schreiber revisited a 2003 wager with Justin Wolfers over French and California wine. The bet became a study showing that play-money and real-money markets forecast American football equally well, and he argued that design, not money, drives accuracy.
