Litigation partners Antonia Apps and Brette Tannenbaum and counsel Ben Klein published an article in Law360 discussing the Commodity Futures Trading Commission’s emerging enforcement strategy with regard to prediction markets, and key takeaways for market operators and other market participants attempting to stay ahead of the enforcement curve. In “Surveying the CFTC Campaign to Control Prediction Markets,” published on May 7, the authors lay out how, in a short period of time, the CFTC has increased insider trading enforcement in prediction markets, secured a landmark Third Circuit ruling affirming its exclusive jurisdiction over certain event contracts, and brought its first insider trading action tied to prediction market activity.
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