Key Highlights Prediction market platform Kalshi is actively investigating trading activity surrounding contracts that predicted the selection of Zacharia as press secretary. Zacharia had traded at an implied probability of roughly 1% prior to the announcement, prompting regulatory and market integrity scrutiny. Exchange rules permit Kalshi to freeze accounts and restrict fund withdrawals during pending ...
Key Highlights Two Robinhood engineers, Hefu Chai and Huaisong Xiang, have been charged by the U.S. Department of Justice with commodities fraud and wire fraud for allegedly using confidential listing information to trade crypto perpetual futures on Hyperliquid. Prosecutors allege the defendants generated over $50,000 each by repeatedly trading tokens ahead of public Robinhood Crypto ...
New York Federal Judge Denies Susquehanna’s Bid to Freeze $100 Million in Alleged Insider Trading Case A U.S. District Court judge in Manhattan has rejected an attempt by Susquehanna Securities and Susquehanna Investment Group to freeze nearly $100 million linked to dozens of traders accused of profiting from nonpublic information ahead of a Chinese regulatory ...
CFTC Opens Three Insider Trading Investigations Into Polymarket The Commodity Futures Trading Commission has launched at least three previously unreported investigations into suspected insider trading on the prediction market platform Polymarket, according to a report from WIRED. The probes target event contracts tied to presidential pardons issued by former President Joe Biden, Iran-related geopolitical outcomes, ...
Kalshi has permanently banned former U.S. Representative George Santos and imposed a $71,356 penalty after determining that he manipulated an event market tied to his…