Google Employee Faces Civil Action for Making $1M on Polymarket
A Google employee is being sued by the CFTC for allegedly using confidential information to earn over $1 million on Polymarket.
CFTC
27 Posts
Trump Supports Prediction Markets and CFTC Authority
U.S. President Donald Trump dramatically changed his stance on prediction markets and the Commodity Futures Trading Commission’s (CFTC) authority, expressing support for the CFTC's exclusive jurisdiction.
President Trump Calls for Regulation of Prediction Markets
Prediction market opposition continues to mount, but the sector is holding its own and launching legal counter-offensives
Rhode Island AG Targets Prediction Markets
The attorney general of Rhode Island, Peter Neronha, has launched a lawsuit against prediction markets despite pushback from the CFTC and private companies.
Polymarket files for CFTC self-certification of new sports-trading
Polymarket's US subsidiary, QCX LLC, has submitted a self-certification request to the Commodity Futures Trading Commission (CFTC) for a new sports-trading product that combines multiple event outcomes into a single contract, moving the platform beyond single-event markets.
CFTC Sues Minnesota Over Prediction Market Ban Impact on Farmers
The Commodity Futures Trading Commission (CFTC) sues Minnesota over a ban on prediction markets, fearing negative consequences for farmers.
Farm Groups Call for Oversight of Prediction Markets
A broad coalition of agricultural organizations is urging US regulators to investigate the growing influence of prediction markets on commodity trading, warning that emerging financial products may upend traditional risk management strategies employed by farmers and producers.
Sporttrade Exiting US Online Betting Market
Sporttrade announced the closure of its US online sports betting operations on June 26. This move follows a failed attempt to obtain CFTC approval for prediction market products.
CFTC Collaborates with MLB and Top US Sports Leagues to Prevent
The Commodity Futures Trading Commission (CFTC), a top US financial regulator, is partnering with Major League Baseball and other sports leagues to stop insider trading on prediction markets.
House members target prediction markets as CFTC backs them again
A group of federal representatives asking for an inquiry into prediction markets Tuesday, while the Commodity Futures Trading Commission (CFTC) once again threw its weight behind the operators in state court.
Law Professor: CFTC Ideal for Prediction Market Regulation
Melinda Roth, a law professor, believes the CFTC is the right regulatory body for prediction markets.
Federal Judge Grants CFTC Preliminary Injunction Against Arizona in
A federal judge granted the CFTC a preliminary injunction against Arizona. At the same time, he signaled a potential stay pending Ninth Circuit ruling.