Someone turned $2.1 million into $21 million on S&P options minutes before Trump's tariff pause. Six Polymarket accounts pocketed $1.2M in the hours before Israeli strikes killed Iran's Supreme Leader. The Pam Bondi cabinet departure market jumped 18 points in a single session — before any public announcement.

Is this insider trading? Probably. Can anyone prosecute it? That's where it gets complicated.

The UBK Gang breaks down the legal gap that makes prediction market insider trading almost impossible to prosecute, why Kalshi and Polymarket are in very different positions despite being painted with the same brush, and the growing legislative avalanche on Capitol Hill trying to fix it.

Plus — Mike's trader framework for turning the insider noise into a usable signal, even if you don't have a White House contact, and Evan's tips for navigating the markets despite not having an insider's advantage.