Insider trading? Really? are you that dumb? If insider trading rules applied to magic cards...........numerous WOTC employees would of been in prison already as would numerous others who have been guilty of leaks of cards. This is not the first time this has happened and it will not be the last.
Geez, by your theory numerous employees from Topps, Upperdeck, etc would all be serving prison sentences too...
God, is amazing how dumb people are on the internet.
Later EddieO
Insider trading does apply to magic cards.
If someone was given access to the god book, and they saw a card like... Vampire Hexmage, or Deciever Exarch,
they could then go out and buy every copy of Dark Depths or Splinter twin they could find, wait till the set it released, then sell them for 10 times what they bought it for...
Tell me that's not insider trading =/
If you don't understand why, I suggest you scroll up a couple replies. Insider trading is a specific legal term that applies to securities. As valuable as Magic cards can be, they are in no way a publicly traded security. While shady and unethical, it's still not insider trading, at least by the legal definition.
Cards are not stock, bonds, or options. They are a product. Insider trading would never apply.
But they're printed on card stock, with a chemical that bonds the back and front, and the multitude of cards give you many options of how to build your deck. Therefore, insider trading applies.
But they're printed on card stock, with a chemical that bonds the back and front, and the multitude of cards give you many options of how to build your deck. Therefore, insider trading applies.
You are confusing irony and stretching with insider trading and humor.
Cards are not stock, bonds, or options. They are a product. Insider trading would never apply.
Never? Not even if people decided to buy/sell commodity options with cards as the commodity? (Highly unlikely, but I'm wondering if that would make it at least possible for an insider trading scenario).
Maybe I'm missing something. I'm aware that Matignon was not allowed to release the contents of the set but told Wafo-Tapa anyway and then it got leaked out. But what precisely is so terrible about that?
When you sign a non-disclosure agreement (legally binding document) and you break that by telling someone else and get caught, then yeah, you are going to get in trouble. Its as simple as that.
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Insider trading does apply to magic cards.
If someone was given access to the god book, and they saw a card like... Vampire Hexmage, or Deciever Exarch,
they could then go out and buy every copy of Dark Depths or Splinter twin they could find, wait till the set it released, then sell them for 10 times what they bought it for...
Tell me that's not insider trading =/
If you don't understand why, I suggest you scroll up a couple replies. Insider trading is a specific legal term that applies to securities. As valuable as Magic cards can be, they are in no way a publicly traded security. While shady and unethical, it's still not insider trading, at least by the legal definition.
bring wafo-tapa back! Control hero!
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But they're printed on card stock, with a chemical that bonds the back and front, and the multitude of cards give you many options of how to build your deck. Therefore, insider trading applies.
You are confusing irony and stretching with insider trading and humor.
Never? Not even if people decided to buy/sell commodity options with cards as the commodity? (Highly unlikely, but I'm wondering if that would make it at least possible for an insider trading scenario).