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Democrats question CFTC chair on insider trading in prediction markets

Apr 07, 2026 21:11 UTC

The seven House members may have affirmed the commission‘s authority over prediction markets, but asked questions about its inaction on insider trading..

  • The seven House members may have affirmed the commission‘s authority over prediction markets, but asked questions about its inaction on insider trading
  • Cointelegraph in your social feed Seven members of the US House of Representatives sent a letter to Commodity Futures Trading Commission (CFTC) Chair Michael Selig, asking for information on the agency's inaction on insider trading on prediction markets and event contracts related to war and conflicts
  • In a Monday letter, the seven US lawmakerssaidthat the CFTC had the authority under the Commodities Exchange Act “to apply its rules and regula

The seven House members may have affirmed the commission‘s authority over prediction markets, but asked questions about its inaction on insider trading. Cointelegraph in your social feed Seven members of the US House of Representatives sent a letter to Commodity Futures Trading Commission (CFTC) Chair Michael Selig, asking for information on the agency's inaction on insider trading on prediction markets and event contracts related to war and conflicts. In a Monday letter, the seven US lawmakerssaidthat the CFTC had the authority under the Commodities Exchange Act “to apply its rules and regula

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