CFTC issues warning over risky prediction market ‘mention’ contracts
The warning comes weeks after the CFTC fined a former White House teleprompter operator who made more than $107,000 trading prediction contracts tied to President Trump’s speeches. The US commodities regulator has warned that prediction market contracts tied to what a person says or does carry a heightened risk of manipulation, putting exchanges on notice as the industry faces increasing scrutiny over market integrity.