Judge Stays CFTC’s Case Against US Soldier Over Prediction Market Bets
7 Articles
7 Articles
CFTC Polymarket case paused over soldier’s $400K bets
A federal judge has paused the CFTC’s civil case against a US Army soldier accused of using classified information to earn more than $400,000 from Polymarket contracts tied to Nicolás Maduro’s removal. CFTC case paused until criminal proceedings conclude US…
Judge Stays CFTC’s Case Against US Soldier Over Prediction Market Bets
The criminal case against a US soldier alleged to have used nonpublic information to profit on prediction markets will move forward before a civil case filed by the CFTC.
Prediction Markets Have Lawmakers Rattled. Real-Money Betting Sites Are Watching Closely
A state lawmaker in Annapolis compared a Kalshi contract to a corn futures trade last week. That’s not a joke. It’s the actual argument prediction market platforms are making to Maryland’s General Assembly, and it’s working well enough to freeze regulators in place. Maryland Reporter’s summary of coverage this month captured the confusion firsthand. Legislators watched platforms offering bets on football games, elections, and weather events, all…
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