Federal authorities are investigating whether former Rep. George Santos profited from Kalshi bets on his own State of the Union attendance after publicly saying he planned to attend. Santos told NPR, “I’m not saying yes, I’m not saying no,” when asked whether he had a Kalshi account.
Posts tagged as “The Commodity Futures Trading Commission”
Google engineer Michele Spagnuolo is charged with insider trading after allegedly using confidential search data to win over $1.2 million betting on Polymarket. This is the second major insider trading case linked to the prediction market platform.
Oil futures experienced a sharp surge in trading volume just before President Trump announced "productive" peace talks with Iran, causing oil prices to drop and stock markets to rise, though the timing has raised suspicions of potential insider trading. The ongoing U.S.-Iran conflict has driven significant volatility in oil prices, with Brent and WTI crude rising over 30%, amid disruptions in the Strait of Hormuz and mixed signals about peace negotiations. This geopolitical uncertainty continues to fuel market instability, influencing inflation expectations and central bank policies while prompting offers of mediation and fluctuating investor confidence.
The CFTC has filed a complaint against Binance and its CEO Changpeng Zhao, alleging that the world's largest cryptocurrency exchange has violated US trading laws by actively soliciting US customers and subverting its own compliance program. The complaint seeks civil monetary penalties and other relief against Binance, Zhao, and former Chief Compliance Officer Samuel Lim, and could be the first step in a larger regulatory crackdown on the crypto exchange. Binance has stated that it is committed to complying with all applicable laws and regulations, and has implemented measures to ensure compliance with US regulations.