Cointelegraph·
The Justice Department and the CFTC allege that Google software engineer Michele Spagnuolo profited $1.2 million on Polymarket after accessing non-public information at work.
Read full articleU.S. authorities have charged a Google software engineer with insider trading tied to prediction markets, as federal regulators continue tightening scrutiny around Polymarket and other event-based trading platforms. According to the U.S. Department of Justice, Google employee Michele Spagnuolo allegedly…
The U.S. Commodity Futures Trading Commission has moved to scrap its $5 million settlement with crypto exchange Gemini after concluding that the enforcement case should not have been filed under the agency’s current standards. In a joint motion filed Wednesday…
The CFTC claimed that its settled complaint filed under the Biden administration relied heavily on a whistleblower’s allegations that Gemini inflated trading activity to distort user demand.
This case highlights the increasing regulatory scrutiny on prediction markets, potentially reshaping their legal landscape and enforcement. The post US charges Google engineer with insider trading on Polymarket appeared first on Crypto Briefing.
President Donald Trump is doubling down on his goal of making the United States the “crypto capital of the world,” while also weighing in on a growing national fight over who should regulate prediction markets. Trump Says CFTC Rules Will Help Crypto ‘Thrive’ In a new statement shared Tuesday on Truth Social, Trump said it […]
The CFTC's reassessment signals a potential shift towards more cautious regulatory actions, impacting future crypto industry oversight. The post CFTC seeks to vacate $5M penalty against Gemini Trust Company appeared first on Crypto Briefing.
The CFTC's reassessment signals a potential shift towards more cautious regulatory actions, impacting future crypto industry oversight. The post CFTC seeks to vacate $5 million penalty against Gemini Trust Company appeared first on Crypto Briefing.
On Wednesday evening, the US Commodity Futures Trading Commission (CFTC) announced it had joined Gemini (GEMI) in requesting that the court grant relief from the judgment in the regulator’s case against the exchange, filed back in 2022. The CFTC said it carried out a thorough reexamination of the matter, looking back at the investigation’s history, […]
