U.S. federal prosecutors are investigating whether betting activities in certain prediction markets violate insider trading laws
According to CNN, citing multiple sources, federal prosecutors in Manhattan, New York, are investigating whether some high-yield bets in prediction markets violate insider trading and other laws.
According to insiders, the head of the Securities and Commodities Fraud Unit of the U.S. Attorney's Office for the Southern District of New York recently met with representatives from Polymarket to discuss how existing laws might apply to potential misconduct in this rapidly evolving industry. The U.S. Department of Justice is focusing on those high-profile high-yield bets, marking an escalation in regulatory scrutiny of the industry. Over the past year, the prediction market industry has rapidly expanded with relatively limited federal oversight.
You may also like

Hong Kong dollar stablecoin does not need to become USDC

Chain games are defeated by reality, Web3 does not believe in dreams

Interpreting Aave V4: A Transformation from Product to "Bank"

Report on the Current Status of AI Payment Agreement Research: A New Paradigm of Payment in the Agent Economy

Really Can't Be Too Optimistic? Two Quantum Computing Papers on the Same Day Lower Bitcoin's Breakeven Barrier by Two Orders of Magnitude

Event Update | 2026 Hong Kong Web3 Carnival Peripheral Events Overview

Pentagon's Broker | Rewire News Evening Brief
Global Crypto Tax Trends in 2026: From Bitcoin ETFs to DeFi Compliance
Bitcoin's 2025 peak of $126K is gone, but your tax bill isn't. New IRS Form 1099-DA means no hiding trades. Discover 3 legal strategies to reduce liabilities and use WEEX's free tax tool to automate reporting.

Airdrops cannot make you rich, edgeX does not need a community

Artificial intelligence agents are about to take away Visa's market share
2026 Crypto Tax Rules: How Bitcoin Price Changes Affect Your Filing
BTC trades around $67,500 today. If you sold near $126,000 last year, you still owe tax on those gains, regardless of where the price is now. Here's what every trader needs to know this tax season.

OpenClaw 3.28 Update: Potential Security Risks with Axios
Key Takeaways Recent findings suggest OpenClaw version 3.28 may contain a compromised version of the Axios library. Dependency…

Steakhouse Financial Experiences Phishing Attack: A Comprehensive Overview
Key Takeaways Steakhouse Financial’s domain experienced a phishing attack, prompting user safety advisories. Depositors’ funds and smart contracts…

DeFi Risk Management in Turmoil: Gauntlet’s Bold Move Amidst Resolv Exploit
Key Takeaways Gauntlet, a leading DeFi risk manager, is engaging in full recovery efforts after Resolv Labs’ exploit.…

FTX/Alameda Wallet Transfers Over $8 Million in ZRO Tokens to Wintermute
Key Takeaways An FTX/Alameda-associated wallet moved 4.126 million ZRO tokens to market maker Wintermute, with an approximate value…

Analysis of Recent Ethereum Short Position Activity on HyperLiquid
Key Takeaways Recently, a newly created wallet deposited $4.89 million into HyperLiquid, opening a short ETH position with…

Only 43% ROI on $1, why are 87% of Polymarket traders in the red?

