Feed / Enforcement & compliance
US authorities reportedly investigate further prediction-market insider trading cases
By The Weekly Edge desk ·
Summary
US prosecutors and the CFTC are investigating prediction-market trades involving military events and corporate earnings, reported by Gambling Insider, citing The Wall Street Journal. One investigation concerns a servicemember suspected of earning over $1m on Polymarket. Charges in two cases could follow this fall, but authorities have not made final charging decisions.
Why it matters
The reported investigations extend scrutiny to military-event and corporate earnings contracts, while authorities have yet to decide whether to bring charges.