Ross Gerber Slams Prediction Markets As 'Rigged,' 'Manipulated,' Warns Investors Are Misreading Data As Fact

Benzinga_recent_news06-07 11:51

On Saturday, Investor Ross Gerber criticized prediction markets, calling them "rigged" and "manipulated" and warning that investors are misreading them as reliable indicators. In a post on X, Gerber ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2641917590?lang=en_US&edition=fundamental","thumbnail":"https://cdn.benzinga.com/cdn-cgi/image/width=240,dpr=2,format=auto,quality=85/files/images/story/2026/06/06/Ross-Gerber-Canva.jpeg","is_english":true,"pubTime":"2026-06-07 11:51","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2641917590","market":"us","top_or_hot":-1,"title":"Ross Gerber Slams Prediction Markets As 'Rigged,' 'Manipulated,' Warns Investors Are Misreading Data As Fact","media":"Benzinga_recent_news","content":"<div>\n<p>On Saturday, Investor Ross Gerber criticized prediction markets, calling them \"rigged\" and \"manipulated\" and warning that investors are misreading them as reliable indicators.\nIn a post on X, Gerber ...</p>\n\n<a href=\"https://www.benzinga.com/markets/prediction-markets/26/06/53048368/ross-gerber-slams-prediction-markets-as-rigged-manipulated-warns-investors-are-misreading-data-as-fact\">Source Link</a>\n\n</div>\n","source":"benzinga_recent_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ross Gerber Slams Prediction Markets As 'Rigged,' 'Manipulated,' Warns Investors Are Misreading Data As Fact</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRoss Gerber Slams Prediction Markets As 'Rigged,' 'Manipulated,' Warns Investors Are Misreading Data As Fact\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-06-07 11:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/markets/prediction-markets/26/06/53048368/ross-gerber-slams-prediction-markets-as-rigged-manipulated-warns-investors-are-misreading-data-as-fact><strong>Benzinga_recent_news</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>On Saturday, Investor Ross Gerber criticized prediction markets, calling them \"rigged\" and \"manipulated\" and warning that investors are misreading them as reliable indicators.\nIn a post on X, Gerber ...</p>\n\n<a href=\"https://www.benzinga.com/markets/prediction-markets/26/06/53048368/ross-gerber-slams-prediction-markets-as-rigged-manipulated-warns-investors-are-misreading-data-as-fact\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2506951875.HKD","symbol_name":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"CRH\" (HKDHDG) ACC","start_time":0,"source_url":"https://www.benzinga.com/markets/prediction-markets/26/06/53048368/ross-gerber-slams-prediction-markets-as-rigged-manipulated-warns-investors-are-misreading-data-as-fact","article_id":"2641917590","we_media_id":null,"thumbnails":["https://cdn.benzinga.com/cdn-cgi/image/width=240,dpr=2,format=auto,quality=85/files/images/story/2026/06/06/Ross-Gerber-Canva.jpeg"],"rights":{"source":"benzinga_recent_news","url":"https://www.benzinga.com/markets/prediction-markets/26/06/53048368/ross-gerber-slams-prediction-markets-as-rigged-manipulated-warns-investors-are-misreading-data-as-fact","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2641917590","pubTimestamp":1780804260,"columns":[],"sourceInfo":{"source_id":"benzinga_recent_news","name":"Benzinga"},"weMediaInfo":null,"summary":"Ross Gerber calls prediction markets \"rigged\" and \"manipulated\", warning investors are misreading betting data as reliable signals.","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU2506951875.HKD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"CRH\" (HKDHDG) ACC","LU1363072403.SGD":"Fidelity Global Financial Services A-ACC-SGD","BK4585":"ETF&股票定投概念","LU2506952097.USD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"CRH\" (USDHDG) ACC","LU0175139822.USD":"AB FCP I Global Equity Blend A USD","LU0823417737.USD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"C\" (USD) INC","ISBC":"投资者银行","BK4127":"投资银行业与经纪业","LU2506951958.HKD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"CRH\" (HKDHDG) INC","IBKR":"盈透证券","LU0950375773.USD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"C\" (USD) INC A","LU0963586101.USD":"ALLIANZ GLOBAL SMALL CAP EQUITY \"AT\" ACC","LU2506952170.USD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"CRH\" (USDHDG) INC","LU1791710400.SGD":"Fidelity Global Demographics A-ACC-SGD","LU0971096721.USD":"富达环球金融服务 A","LU2237957902.USD":"NIKKO AM GLOBAL EQUITY \"F\" (USD) ACC","LU0528227936.USD":"富达环球人口趋势基金A-ACC","LU1718418525.SGD":"JPMorgan Investment Funds - Global Select Equity A (acc) SGD","LU0823417653.USD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"C\" (USD) ACC","BK4588":"碎股","LU2237957811.SGD":"NIKKO AM GLOBAL EQUITY \"F\" (SGD) ACC","ROST":"罗斯百货有限公司","BK4094":"服装零售","BK4598":"佩洛西持仓","BK4211":"区域性银行","LU0289960550.SGD":"AB FCP I - GLOBAL EQUITY BLEND PORTFOLIO 'A' (SGD) ACC"},"translate_title":"罗斯·格伯抨击预测市场“被操纵”、“被操纵”，警告投资者将数据误读为事实","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ISBC":1.5,"IBKR":0.65,"ROST":1.5},"content_text":"On Saturday, Investor Ross Gerber criticized prediction markets, calling them \"rigged\" and \"manipulated\" and warning that investors are misreading them as reliable indicators.\nIn a post on X, Gerber pushed back against the growing use of prediction market data in financial and political analysis. \n\"People continue to quote predictions markets as some sort of fact. This is a bad way to look at things,\" he wrote.\nHe added that the platforms are vulnerable to distortion, claiming, \"These markets are rigged and manipulated by the people who want you to think they are winning.\" \nGerber further described them as \"one big corrupt market place that should be shut down.\"\nPrediction markets were gaining attention as institutional investors explored their potential as tools for forecasting and hedging economic and geopolitical risks, according to Interactive Brokers Chair Thomas Peterffy. \nHe said the platforms could improve decision-making by aggregating real-money predictions and may eventually serve as widely followed indicators of economic probabilities, similar to interest-rate futures. \nInteractive Brokers also expanded its offering through IBKR ForecastTrader.\nPrediction markets were reflecting high-profile speculation, including bets on Elon Musk potentially becoming the world's first trillionaire. \nTraders on Polymarket gave Musk a high probability of reaching the milestone, driven by expectations tied to a possible SpaceX-xAI valuation and his existing stakes in Tesla and other assets.\nThe industry faced growing criticism from the American Gaming Association, which accused regulators of weak oversight and warned that states had lost significant tax revenue. \nPresident Donald Trump weighed in on the issue, defending prediction markets and urging regulators to maintain \"exclusive authority\" over platforms such as Kalshi and Polymarket, while also criticizing several political opponents.\nDisclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.\nPhoto courtesy of Ross Gerber\nTo add Benzinga News as your preferred source on Google, click here.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.43.1","shortVersion":"4.43.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2641917590","isCrawlerRequest":true}