CFTC Sues 3 US States, Claims Sole Authority Over Prediction...
The CFTC has filed three lawsuits against US states that have taken legal action against prediction markets and claimed exclusive authority over event contracts.
Tag: CFTC
9 results found
Former FTX Engineer Nishad Singh Fined $3.7M in CFTC Fraud...
Former FTX head of engineering, Nishad Singh, was fined $3.7 million by the US Commodity Futures Trading Commission, received a trading ban and a registration ban to settle a 2023...
CFTC Chair Says Agency is Ready to Oversee Entire Crypto...
Commodity Futures Trading Commission Chair Michael Selig doubled down on the agency's approach to digital assets and prediction markets.
CFTC Warns Prediction Market Insider Traders
The CFTC has confirmed that insider trading laws apply to prediction markets and vowed to go after those who trade on misappropriated information.
Lawmakers Press CFTC to Warn Federal Employees About Event Contracts
More than 40 US lawmakers have urged regulators to warn federal employees against using insider knowledge in prediction markets, citing suspicious trades and potential violations of the STOCK Act.
KuCoin’s Parent Company Agrees to $500K Civil Penalty to Resolve...
Peken Global Limited agreed to a $500,000 civil penalty to resolve CFTC charges alleging it operated an unregistered offshore exchange with a lack of KYC protocols.
NFL Asks Prediction Markets to Step in on ‘Easily Manipulated‘...
The NFL reportedly sent letters to prediction market companies, objecting to the platforms listing types of event contracts that could be easily manipulated by a single person.
Bill Proposes To Stop Government Officials Betting on Prediction Markets
A group of senators has introduced a bill prohibiting government officials from using nonpublic information to bet on prediction market contracts, with fines up to double the amount of profits.
CFTC’s Selig Points to Blockchain as Tool for AI Content...
CFTC Chair Mike Selig says blockchain could help distinguish real from AI-generated content, as regulators weigh how to approach AI agents and market risks.
