Members of the House and Senate asked the CFTC and federal ethics office to remind government employees it's illegal to make insider derivatives trades. Dozens of Democrats from the U.S. Senate and House of Represenatives asked the Commodity Futures Trading Commission and the U.S. Office of Government Ethics to issue guidance that points out the illegality of government officials betting on prediction markets with inside information. The letter was spurred by a rash of recent incidents tha…
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