Markets
Warren Says White House Must Adopt Safeguards Against Prediction-Market Insider Trading
Summary Sen. Elizabeth Warren said the White House should adopt preventive measures after a case involving a White House staffer using inside information to trade in prediction markets . The staffer used advance knowledge of the president's remarks to bet in prediction markets , then was hit with more than $170,000 in financial penalties and a three-year trading ban by the CFTC and Kalshi . With Warren poised to become the next chair of the Senate Banking Committee , insider trading in prediction markets and conflicts of interest in the Trump administration could emerge as major targets of congressional oversight....
bloomingbit3 min read
