Reports of big payouts from market trades that appeared to foresee major actions by the Trump administration – potentially with insider information – are becoming increasingly common. Last week, the oil futures market saw a spike in trades about 15 minutes before President Donald Trump announced a pause in plans to attack Iranian power plants. … Read more
Over 40 Democrats in the U.S. House and Senate signed a letter to top administration regulators and ethics officials on Monday asking for governmentwide training on insider trading in prediction markets. The letter to the Commodity Futures Trading Commission and the Office of Government Ethics comes after weeks of increasing scrutiny regarding potential insider trading … Read more
A flurry of bets made prior to major announcements about the Iran war has ramped up speculation that individuals or groups with advance knowledge of U.S. military plans are cashing in on insider information. And while prediction market platforms Polymarket and Kalshi now say they are taking more proactive measures designed to prevent such illicit … Read more
Polymarket is moving to quash insider trading as prediction markets face scrutiny over whether some users draw on classified or other closely held information to gain an edge in betting on events. The New York-based company said Monday that it has updated its rules to prohibit trades based on “stolen confidential information” or illegal tips. … Read more
Stocks opened sharply lower on Friday after new government data pointed to a weakening U.S. labor market and as concerns mount about the impact of the Iran war on the U.S. economy. The S&P 500 fell 83 points, or 1.2%, to 6,747, in early trading, while the Dow Jones Industrial Average dropped 647 points, or … Read more
Oil prices rise in early market trading after attacks in Middle East disrupt global energy supply Source link
Oil prices rose sharply when market trading began Sunday, as U.S. and Israeli attacks on Iran and retaliatory strikes against Israel and U.S. military installations around the Gulf sent disruptions through the global energy supply chain. Traders were betting the supply of oil from Iran and elsewhere in the Middle East would slow or grind … Read more
Kalshi on Wednesday said it fined and suspended an employee of the popular YouTuber MrBeast for insider trading, marking one of the first disciplinary actions within the fast-growing prediction market industry. The case involved bets on certain events occurring in MrBeast’s videos, which were flagged by Kalshi’s surveillance team for their “near-perfect trading success on … Read more
NEWYou can now listen to Fox News articles! President Donald Trump called out insider trading on Capitol Hill during his address, urging Congress to “pass the Stop Insider Trading Act without delay” while also taking a shot at Speaker Emerita Nancy Pelosi. “Let’s also ensure that members of Congress cannot corruptly profit from using insider … Read more