The CFTC has issued regulatory enforcement guidance for event contract derivatives, sharpening the lines around prediction markets at a time when event-based trading is moving deeper into the financial mainstream. The guidance matters because event contracts sit in an awkward space. They can look like derivatives, prediction markets, betting products, information markets, or political-risk tools…
The CFTC has fined former White House staffer Gabriel Perez $172,000 over alleged insider trading in event contracts, marking another regulatory action at the intersection of prediction markets and non-public information. According to the agency’s settlement materials, the case involved trading connected to non-public information around event market outcomes. The action is important because it…