Democrats Press CFTC, Ethics Watchdog on Prediction Market Insider Trading

Democrats press CFTC, ethics watchdog on prediction market insider trading

Prediction markets are facing increasing scrutiny over allegations of insider trading, prompting Kalshi and Polymarket to plan guardrails to curb …

Democrats urge regulators to clarify insider trading ban for

Democratic lawmakers asked for a clear reminder of insider trading bans on prediction market platforms. The request came after concerns of government employees trading on confidential information in these markets. Continue Reading:Democrats urge regulators to clarify insider trading ban for federal...

Ranking Member Angie Craig, Waters, Warren, Klobuchar Exhort Trump Administration to Clamp Down on Insider Trading Using Prediction Markets - Oklahoma Farm Report

House Agriculture Committee Ranking Member Angie Craig (MN-02) led a bicameral letter with Senate Banking Committee Ranking Member Elizabeth Warren (D-MA), Senate Agriculture Committee Ranking Member Amy Klobuchar (D-MN) and House Financial Services Committee Ranking Member Maxine Waters (D-CA-43) to the Commodity Futures Trading Commission (CFTC) and the Office of Government Ethics (OGE), encouraging them to clamp down on insider trading by fed…

Democrats Push for Insider Trading Crackdown on Prediction Markets

More than 40 Democratic lawmakers have formally urged federal regulators to issue government-wide guidance clarifying that insider trading on prediction market platforms such as Polymarket and Kalshi is illegal under existing U.S. derivatives law. Senator Elizabeth Warren, ranking member of the Senate Banking Committee, and Senator Cory Booker of the Senate Agriculture Committee led the effort, co-signing a letter dated March 29 addressed to Com…