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Don’t bet on it: MD eyes action against election ‘trading’ on prediction markets
Maryland residents wagering on the outcome of elections using online prediction markets could find themselves on the wrong side of election law and potentially face criminal prosecution, officials say.
Judge lets MD regulator enforce sports betting laws against prediction market Kalshi — for now
A federal judge declined to stop Maryland’s gambling regulator from requiring that Kalshi obtain a sports gambling license.
JPMorgan to pay separate $100M penalty from CFTC
WASHINGTON — JPMorgan Chase & Co. has agreed to pay a $100 million penalty and admitted that its traders acted “recklessly” during a series of London trades that ultimately cost […]
In-House Interrogatory
Do you think a company's general counsel should also be its compliance officer?
Intrade boots U.S. customers after federal charges
WASHINGTON — Intrade, the online prediction market that gained popularity as an informal oddsmaker for the presidential election, shut itself to U.S. customers Monday after regulators charged it with illegally […]
Obama wants to target oil market manipulation
WASHINGTON — President Barack Obama pushed Congress Tuesday to give oil market regulators more muscle to deter price manipulation by speculators, the latest White House response to determined Republican attacks […]
