>A sane system would just throw him in jail.
<facepalm>
A capricious system that interprets based on whim, politics and influence is a large part of how we got here.
People like this and their less than moral path in which they further their endeavors succeed specifically because of this environment.
Polymarket is basically a platform to monetize petty stuff while also being able to monetize bad stuff. There is soooo much pressure to monetize bad stuff that once you poke a hole it's an uncontrolled leak. Polymarket recognized this, used it to scale, and then wisely used that money to get the legitimization and buy in that they needed to make the system (capriciously) say "this is fine for now you can keep going".
They basically pulled a "actually Mr. Banker, I owe you so much money that it's your problem" but for insider information. The other metaphor you could use if people with a steady supply of prescription opioids don't turn to street drugs.
There's probably a useful middle ground between tossing people in jail and rewarding with great wealth, power, and influence those people whose main drive appears to be accumulation of said things without regard for their fellow citizens.
It is not capricious to hold C-suite legally accountable for their choices. Lots of corporate scandals would simply not have happened if decisionmakers had skin in the game.
If CISOs can have personal liability for data breaches, CEOs can have personal liability for intentionally creating an illegal platform.
Instead we reward these people with billions for degrading the fabric of society.
> If CISOs can have personal liability for data breaches
Where’s this, now?
In the US it’s a legal battle currently being fought. CISOs have been charged by the SEC and other agencies, with varied success. Some cases have been deemed over-reach, some have not. And other were a case of a CISO doing ostensibly illegal things in their capacity (in some cases paying ransom demands have been interpreted as such, especially when disguised as other things).
We need either a “corporate death penalty” of sorts, more personal liability for c-suite execs, or some combo of the two. Too many people fail upwards to trust the system to sort out the “bad ones.”