Democrats dey beg CFTC make dem crackdown on insider trading for prediction markets

Ova 40 US Democrat lawmakers don beg CFTC and Office of Government Ethics make dem take action over “possible insider trading” for prediction markets. Dem dey ask make government give guidance wey go ban federal workers from trading based on important non-public government info. The letter point to suspicious trades wey involve geopolitics and politics, like bets linked to reports say Nicolás Maduro been capture, bets on how long Karoline Leavitt press briefing go last, and trades connected to rising Iran tensions and speculation about Kristi Noem. Lawmakers also talk example wey include trades around invasion of Iran and death of Ayatollah Khamenei. Regulators dem request to brief lawmakers by April 13, say whether investigations wey involve federal employees dey and wetin detection and prevention systems dem get. Lawmakers argue say the STOCK Act (2012) suppose cover prediction markets because CFTC dey treat event contracts as regulated derivatives, so insider trading rules suppose apply to these platforms too — fit mean tighter compliance and enforcement on insider trading for prediction markets. With Polymarket and Kalshi dey grow popular, traders suppose expect more scrutiny wey fit affect liquidity and sentiment. Another Senate bill wey dem just introduce, the “DEATH BETS Act,” go further restrict event contracts wey involve war, assassination, and person death.