CFTC Targets Oil and Prediction Market Insider Trading

Investors who traded oil futures shortly before major Trump administration policy shifts will face prosecution if found to have used inside information. The U.S. Commodity Futures Trading Commission (CFTC) is the agency investigating those trades. Enforcement Director David Miller identified policing insider trading and market manipulation as agency priorities last month. CFTC Chair Michael Selig, the current lone member of the commission, is preparing to testify before the House. Republican lawmakers have pushed Selig Selig for recommendations to onshore certain crypto platforms to ensure they meet the same standards as the Chicago Mercantile Exchange and the Intercontinental exchange. Representative Austin Scott of Georgia identified the rapid growth of these markets, specifically oil contracts on Hyperliquid, oil contracts on Hyperliquid, specifically those lacking segregated funds, market surveillance, and US oversight, as a risk. Republican lawmakers also expressed concern over the appearance of insider trading on prediction markets, specifically citing markets on Nicholas Maduro’s ouster and the war in Iran. Selig stated he plans to formalise new rules for prediction sinais own rules for prediction markets and has requested feedback on mention contracts. The CFTC regularly rejects contracts it determines are unlawful. Michael Selig stated the agency will find and punish anyone engaging in fraud, manipulation, or insider trading in any of its markets.