Over 40 Democratic lawmakers have called on the Commodity Futures Trading Commission (CFTC) and the Office of Government Ethics (OGE) to issue warnings to federal officials against using insider government information for betting on prediction markets. According to a statement from Elizabeth Warren's office on March 30, the lawmakers emphasized that such actions are illegal under the current Commodity Exchange Act and the STOCK Act. They have requested the agencies to clarify whether investigations into these activities have been initiated. This move follows concerns over unusual bets on prediction market platforms related to events in Venezuela and Iran, raising suspicions about the use of government information for trading profits.
Democratic Lawmakers Urge CFTC to Warn Officials Against Insider Trading
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