US regulator says it has power to police prediction market misconduct
Yahoo Finance·2026-02-25 20:55
By Chris Prentice NEW YORK, Feb 25 (Reuters) - U.S. Commodity Futures Trading Commission (CFTC) on Wednesday said it has the power to police illegal trading practices in predictions markets, following a statement from a top firm that it had flagged two insider trading cases to the agency. The CFTC said it has the "full authority" to police such misconduct in event market contracts, citing a statement from Kalshi that the firm had flagged and frozen traders' accounts related to two incidents of insi ...