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Prediction marketplace shakedown: Insider trading charges and exclusive jurisdiction claims

Image of a Polymarket sign saying "Take what you need, pick what your heart desires."
Photo: Spencer Platt/Getty Images

Julie DiMauro

4 min read
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For the first time in US history, a criminal case has been filed alleging insider trading on prediction markets.

There has been a flurry of activity, including some firsts, in the prediction markets arena – where users buy and sell event contracts tied to the outcome of real-world events. The Commodity Futures Trading Commission (CFTC) brought a complaint that, for the first time, alleges insider trading involving event contracts. The

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