CFTC committee examines prediction market manipulation risks
By SectorWire desk ·
Summary
The CFTC’s first Innovation Advisory Committee meeting examined prediction market manipulation risks, citing Casino.com. CME Group CEO Terry Duffy alleged that some of the 2,500 self-certifications since January 2025 breached manipulation standards. CFTC Chairman Michael Selig disputed an example involving Nicolás Maduro, saying the products never listed and trading occurred offshore.
Why it matters
The committee examined manipulation risks, while disputed examples highlight disagreement over which products breached standards.