Author: Elizabeth Lopatto
Who’s keeping an ear out for insiders? | Image: Cath Virginia / The Verge, Getty Images
The Commodity Futures Trading Commission has a problem: It's not very good at policing insider trading. And insider trading has become a pressing concern for prediction markets.
Even Kalshi's recently publicized fines for insider trading - levied against a politician and an employee of YouTube influencer MrBeast - were effectively self-policing. The exchange says it's opened 200 investigations, frozen some accounts, and had a dozen of its investigations turn into active cases.
In response to Kalshi's announcement, the CFTC put …
Read the full story at The Verge.
Continue reading...
Who’s keeping an ear out for insiders? | Image: Cath Virginia / The Verge, Getty Images
The Commodity Futures Trading Commission has a problem: It's not very good at policing insider trading. And insider trading has become a pressing concern for prediction markets.
Even Kalshi's recently publicized fines for insider trading - levied against a politician and an employee of YouTube influencer MrBeast - were effectively self-policing. The exchange says it's opened 200 investigations, frozen some accounts, and had a dozen of its investigations turn into active cases.
In response to Kalshi's announcement, the CFTC put …
Read the full story at The Verge.
Continue reading...