Netrios and Red Acre fined $2.5M for white-label CFDs offered in the US
Netrios facilitated the creation and operation of at least 15 white-label brokers that were primarily owned or operated within the US.
CFTC News
CFTC charges Google employee with insider trading on Polymarket
The CFTC today announced it has filed a complaint in the U.S. District Court for the Southern District of New York against Michele Spagnuolo.
CFTC takes Minnesota to Court to block state law concerning prediction markets
The CFTC today filed a lawsuit against Minnesota to block a new state law that would make operating or assisting in the operation of a prediction market a criminal felony.
CFTC files lawsuit against Wisconsin in response to state’s legal action against Kalshi, Polymarket, Crypto.com, Robinhood, and Coinbase
The CFTC today filed a lawsuit against Wisconsin in response to the state’s lawsuits against Kalshi, Polymarket, Crypto.com, Robinhood, and Coinbase.
CFTC charges U.S. Service Member with insider trading in Nicolás Maduro-Related Event Contracts
The complaint alleges that Van Dyke, who is an active-duty service member in the U.S. Army, engaged in insider trading on Polymarket.com.
CFTC obtains Court order against former VP of Algo Capital
Fortini, while serving as an executive with Algo Capital LLC, misappropriated customer funds and made numerous misrepresentations.
CFTC gets temporary restraining order against Arizona on Prediction Markets
The CFTC earlier this month sought an injunction barring Arizona from attempting to preempt federal law regarding Prediction Markets.
CFTC sues AZ, CT, IL on Prediction Markets citing overzealous state regulators
The struggle among the various levels of financial regulation and lawmakers in the US is heating up on Prediction Markets.
CFTC secures summary judgment against Infinity Q founder
The order imposes a $2.2 million civil monetary penalty and permanently enjoins Velissaris from engaging in further violations of the CEA.
CFTC secures Court order against former FTX Head of Engineering
The order imposes disgorgement of $3.7 million, requires Singh to continue cooperating with the Commission.
