The current industry loss rate of 70-90% is Hong Kong Phone Number List largely due to the way brokers exploit traders. These middlemen, whose job is to look out for the interests of their clients, are known to employ unethical methods in increasing their commissions. They can prevent or hinder withdrawals, manipulate trades by dishonestly Hong Kong Phone Number List reporting market prices, trade on behalf of traders without their express permission, and otherwise exploit both experienced and inexperienced traders. The lack of transparency in traditional Hong Kong Phone Number List markets is largely due to the practices of brokers. In the traditional system, most of the broker's commission comes from the trader's loss. This gives them an incentive to use Hong Kong Phone Number List unethical combinations of strategies to maximize their profits. Brokers using these unethical strategies often offer bonuses to new traders without alerting them Hong Kong Phone Number List to important details. Their money is now tied to a bonus in the broker's account and cannot be withdrawn until they earn a profit above a certain percentage of the bonus. Others are more proactive, but will still Hong Kong Phone Number List seek to prevent withdrawals, and will overwhelm their traders with new paperwork and an enthusiastic urge to deposit more money into their trading accounts. There have even been reports Hong Kong Phone Number List of traders withdrawing money only because it never made it into their bank accounts. Brokers are known to dishonestly report current market prices. Traders don't have easy access to the flow of information from which they get prices, which allows brokers to manipulate numbers until a trader's profit turns Hong Kong Phone Number List into a loss. This allows brokers to further manipulate trades by hedging traders' bets. SPECTER tries to break this down by removing the source of the problem; the brokers and the lack of transparency they cause. Oto Suvary, SPECTER R&D Director, wrote: “As we remove the B-Book broker and replace it with immutable smart contracts, we address a major Hong Kong Phone Number List need for our prediction market platform by preventing many forms of global financial fraud.