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CFTC enforcement update names insider trading on prediction markets a top priority, Legal500 reports
- CFTC enforcement update names insider trading on prediction markets a top priority, Legal500 reports — A Legal500 enforcement update outlines how the CFTC Division of Enforcement treats misuse of material non-public information on prediction markets the same as insider trading on any other CFTC-regulated market. The update notes event contracts can fall under multiple parts of the swap definition, giving the CFTC broad jurisdiction, and that enforcement also covers fraud, manipulation and market abuse. (Legal500)
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