Odaily Planet Daily News: The U.S. Commodity Futures Trading Commission (CFTC) announced on February 25th that it has “full enforcement authority” over illegal trading activities in prediction markets. Previously, prediction market platform Kalshi reported two insider trading incidents to the CFTC and froze the accounts of involved traders.
Recently, concerns over insider trading in prediction markets have continued to rise. A senior official from the U.S. Department of Justice has labeled prediction markets as an area suitable for enforcement this month, and state gambling regulators are also seeking to regulate such markets. Last week, the CFTC stated in a court document that it has exclusive jurisdiction over prediction markets, further intensifying jurisdiction disputes with the states.
Under current regulations, companies registered with the CFTC (such as Kalshi) are generally obligated to assist in monitoring violations within their markets and report them to the agency. (Reuters)
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