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CFTC enforcement director David Miller warns insider trading rules apply to prediction markets and confirms open candidate probes, RG reports
- CFTC enforcement director David Miller warns insider trading rules apply to prediction markets and confirms open candidate probes, RG reports — RG reported CFTC enforcement director David Miller said on October 22 at the NEXTPredict summit that trading on information misappropriated from a job or a candidate's role is insider trading in event contracts, and confirmed open investigations involving candidates. Miller said the agency has robust surveillance ahead of the November 3 midterms and that trading on an offshore platform does not automatically place someone outside CFTC jurisdiction. (RG)
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