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Compliance Policies Must Address Prediction Markets Trading Risks

Compliance Policies Must Address Prediction Markets Trading Risks

Compliance Policies Must Address Prediction Markets Trading Risks
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DOJ investigating ex-US lawmaker Santos for insider trading on Kalshi, source says

DOJ investigating ex-US lawmaker Santos for insider trading on Kalshi, source says

By Anirban Sen and Prakhar Srivastava June 3 (Reuters) - U.S. federal regulators are investigating whether former congressman George Santos engaged in potential insider trading on prediction markets platform Kalshi, according to a person familiar with the matter.
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George Santos Investigated for Alleged Insider Trading in Prediction Market

George Santos Investigated for Alleged Insider Trading in Prediction Market

Former U.S. Representative George Santos is under investigation for allegedly engaging in insider trading related to a prediction market. The online platform Kalshi reported Santos to federal prosecutors after he allegedly placed bets against his attendance at President Trump's State of the Union address, despite publicly stating he would attend. The Commodity Futures Trading Commission (CFTC) is examining whether Santos used nonpublic information to influence market odds and profit from the trades. Santos, who was previously convicted of fraud and identity theft, has denied the allegations and stated he will cooperate with any inquiry.
Reuters Reuters
US exchanges extend selloff as perpetual futures approval unnerves investors

US exchanges extend selloff as perpetual futures approval unnerves investors

June 2 (Reuters) - The selloff in the shares of U.S. bourse operators continued on Tuesday on worries over the risk implications of perpetual futures for cryptocurrencies and fear among investors that such derivative contracts would be extended to equities.
AP News AP News
George Santos reported to prosecutors over suspicious Kalshi trades, AP source says

George Santos reported to prosecutors over suspicious Kalshi trades, AP source says

A prediction market reported U.S. Rep. George Santos to federal prosecutors after he boasted he’d be going to President Donald Trump’s State of the Union address, then bet against his own attendance
Reuters Reuters
US Supreme Court backs SEC in fight over 'disgorgement' power

US Supreme Court backs SEC in fight over 'disgorgement' power

By John Kruzel WASHINGTON, June 4 (Reuters) - The U.S. Supreme Court ruled on Thursday in favor of the Securities and Exchange Commission in a case challenging the Wall Street watchdog agency's broad authority to recover illegal profits through a financial remedy called disgorgement.
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Draft Defense Bill Proposes Restrictions on Prediction Market Bets by US Troops

Draft Defense Bill Proposes Restrictions on Prediction Market Bets by US Troops

A draft defense bill proposes to bar US troops and Pentagon employees from betting on prediction markets using insider information. This follows charges against a soldier for allegedly making $400,000 on bets tied to the capture of Nicolás Maduro. The bill requires Defense Secretary Pete Hegseth to issue regulations banning trading on prediction markets with nonpublic information. Prediction markets have gained popularity, but concerns about insider trading have prompted legislative action.
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Sen. Dave McCormick Discusses President Trump's IRS Settlement and Prediction Market Regulations

Sen. Dave McCormick Discusses President Trump's IRS Settlement and Prediction Market Regulations

Senator Dave McCormick from Pennsylvania recently appeared on 'Squawk Box' to discuss several significant topics related to President Trump. Among the issues addressed were President Trump's decision to appoint Bill Pulte as the acting director of national intelligence and the implications of Trump's IRS settlement. Additionally, McCormick touched on the regulation of prediction markets and the status of the $1.8 billion 'anti-weaponization fund'. The discussion also included President Trump's executive order on artificial intelligence, highlighting the administration's focus on technological advancements and regulatory measures.
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Polymarket cuts ties with George Santos as regulators probe trades on rival prediction market

Polymarket cuts ties with George Santos as regulators probe trades on rival prediction market

Polymarket is ending its paid relationship with George Santos as federal regulators investigate him for possible insider trading
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Sen. Dave McCormick Discusses President Trump's IRS Settlement and Prediction Markets Regulation

Sen. Dave McCormick Discusses President Trump's IRS Settlement and Prediction Markets Regulation

Senator Dave McCormick appeared on 'Squawk Box' to discuss several key issues, including President Trump's decision to appoint Bill Pulte as acting director of national intelligence and the implications of Trump's IRS settlement. McCormick also addressed the regulation of prediction markets and the status of the $1.8 billion 'anti-weaponization fund.' The discussion highlighted ongoing debates about the role of prediction markets in financial regulation and the broader implications of Trump's executive orders on artificial intelligence.
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Kalshi Seeks Approval for Perpetual Futures on Major Altcoins Following CFTC's Bitcoin Decision

Kalshi Seeks Approval for Perpetual Futures on Major Altcoins Following CFTC's Bitcoin Decision

Kalshi Seeks Approval for Perpetual Futures on Major Altcoins Following CFTC's Bitcoin Decision
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Kalshi CEO Tarek Mansour Discusses Launch of Regulated Perpetual Futures

Kalshi CEO Tarek Mansour Discusses Launch of Regulated Perpetual Futures

Kalshi CEO Tarek Mansour Discusses Launch of Regulated Perpetual Futures