{"id":533,"date":"2026-06-10T12:43:30","date_gmt":"2026-06-10T12:43:30","guid":{"rendered":"https:\/\/coasttocoastmoverss.com\/?p=533"},"modified":"2026-06-10T12:43:30","modified_gmt":"2026-06-10T12:43:30","slug":"cftc-will-propose-banning-some-bets-on-online-prediction-markets-report-says","status":"publish","type":"post","link":"https:\/\/coasttocoastmoverss.com\/?p=533","title":{"rendered":"CFTC Will Propose Banning Some Bets On Online Prediction Markets, Report Says"},"content":{"rendered":"
\n

Tangent<\/h2>\n

The CFTC has already shared some guidelines with online betting platforms, according to the Journal. On Tuesday, Kalshi announced three new so-called \u201cmarket integrity<\/u>\u201d measures for its platform to crack down on insider bets\u2014including risk scoring, employment verification for some bettors and expanded whistleblower tools. The platform said it will provide a \u201crisk score\u201d for bets that have \u201cheightened insider trading or manipulation risk.\u201d The risk measurement will involve various metrics, including whether there are any national security concerns or potential regulatory issues. The risk scoring will also measure instances in which actions by a single person or a small \u201copaque group\u201d could significantly affect the market. If a bet meets a certain risk-scoring threshold, participants will need to share employment verification details, allowing Kalshi to screen bettors for potential insider activity. The platform will also allow its bettors to report potential abusive behavior or market manipulation, which will then be examined by a 24\/7 surveillance team, Kalshi said.<\/p>\n

Read more Trump Attacks Stephen A. Smith\u2014Feud Heats Up Amid NBA Finals<\/a><\/p>\n

What Do We Know About Recent Insider Betting Cases?<\/h2>\n

In April, a U.S. Special Forces soldier involved in a raid to capture Venezuelan President Nicolas Maduro was charged<\/u> with using classified information to win more than $400,000 on Polymarket. The DOJ said the soldier was charged with unlawful use of confidential government information for personal gain. The soldier made 13 bets on Maduro- and Venezuela-related markets in late December last year, just days before the raid, and as a result, he profited approximately $409,881 after the Venezuelan leader\u2019s capture. In a separate incident in late April, Kalshi announced it had suspended<\/u> the accounts of three political candidates who placed bets on the outcome of their own election races. Late last month, federal prosecutors<\/u> charged a Google employee after he allegedly earned $1.2 million from bets on Polymarket using insider information. The prosecutors alleged that the Google staffer used insider information about Google\u2019s Year in Search data to make the winning bets\u2014specifically that singer D4vd would be named the top-most searched person of 2025.<\/p>\n

Read more Billionaire Tom Steyer Doesn\u2019t Make California Governor Runoff After $200 Million Campaign<\/a><\/p>\n

further reading<\/h2>\n

Trump Regulator Proposes New Rules on What\u2019s Allowed on Prediction Markets (Wall Street Journal)<\/p>\n

Read more U.S. Completes Retaliatory Bombing On Iran After Downed Helicopter<\/a><\/p>\n

<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The proposed rules will target controversial bets on issues like war and other events, which may be prone to market manipulation or insider trading.<\/p>\n","protected":false},"author":1,"featured_media":532,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-533","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"\nCFTC Will Propose Banning Some Bets On Online Prediction Markets, Report Says - Coast to Coast Movers<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coasttocoastmoverss.com\/?p=533\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CFTC Will Propose Banning Some Bets On Online Prediction Markets, Report Says - 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