🏛️ Warren and Merkley write to the White House, asking how it will prevent insider trading on prediction markets from happening again
U.S. Senators Elizabeth Warren and Jeff Merkley wrote to White House Counsel Will Scharf on Tuesday, asking what steps the White House will take to prevent a repeat of insider trading on prediction markets, such as when President Trump’s former teleprompter operator used information gained through their position to trade.
Months ago, the former staffer faced enforcement action from the U.S. Commodity Futures Trading Commission (CFTC) and the platform Kalshi over the trades, and was required to pay more than $170,000 and accept a three-year trading ban. The two senators said the incident should have served as a wake-up call to strengthen ethics policies, but the only publicly visible action taken by the White House so far has been circulating a warning memo—what they called “a failure to take meaningful action.” Warren is expected to become chair of the Senate Banking Committee next January.
⭐ Warren is about to gain greater authority over financial oversight, and ethics and insider trading issues in prediction markets could become a focus of the next phase of attention in the U.S. Congress.
#监管 #美国国会 #PredictionMarkets
U.S. Senators Elizabeth Warren and Jeff Merkley wrote to White House Counsel Will Scharf on Tuesday, asking what steps the White House will take to prevent a repeat of insider trading on prediction markets, such as when President Trump’s former teleprompter operator used information gained through their position to trade.
Months ago, the former staffer faced enforcement action from the U.S. Commodity Futures Trading Commission (CFTC) and the platform Kalshi over the trades, and was required to pay more than $170,000 and accept a three-year trading ban. The two senators said the incident should have served as a wake-up call to strengthen ethics policies, but the only publicly visible action taken by the White House so far has been circulating a warning memo—what they called “a failure to take meaningful action.” Warren is expected to become chair of the Senate Banking Committee next January.
⭐ Warren is about to gain greater authority over financial oversight, and ethics and insider trading issues in prediction markets could become a focus of the next phase of attention in the U.S. Congress.
#监管 #美国国会 #PredictionMarkets
