The head of enforcement at the U.S. CFTC warned that insider trading laws also apply to prediction markets.

PANews reported on April 1st, citing Cointelegraph, that David Miller, the enforcement director of the U.S. Commodity Futures Trading Commission (CFTC), stated that insider trading in prediction markets is also subject to insider trading laws, and regulators are monitoring the situation and will take enforcement action against violators. He pointed out that there is a misconception in mainstream media and social media that "insider trading does not apply to prediction markets," which is incorrect. Miller stated that the CFTC will use its prosecution discretion to focus on investigating cases involving the use of stolen information for trading or the disclosure of information.

Previously, major prediction market platforms such as Kalshi and Polymarket had introduced new insider trading rules, and US lawmakers had also proposed related bills to curb insider trading by government officials.

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Author: PA一线

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